The Fort Worth Press - EU-Mercosur deal delayed as farmers stage Brussels show of force

USD -
AED 3.672798
AFN 65.999728
ALL 82.250421
AMD 381.506935
ANG 1.790403
AOA 917.000186
ARS 1450.230398
AUD 1.51215
AWG 1.8
AZN 1.705582
BAM 1.669612
BBD 2.015307
BDT 122.367966
BGN 1.66904
BHD 0.377022
BIF 2965
BMD 1
BND 1.291862
BOB 6.914156
BRL 5.519851
BSD 1.00061
BTN 90.277748
BWP 13.222922
BYN 2.935756
BYR 19600
BZD 2.012438
CAD 1.378045
CDF 2263.999667
CHF 0.79402
CLF 0.023233
CLP 911.410172
CNY 7.04125
CNH 7.03412
COP 3863.71
CRC 498.555129
CUC 1
CUP 26.5
CVE 94.449822
CZK 20.773396
DJF 177.71989
DKK 6.372505
DOP 62.549846
DZD 129.70444
EGP 47.5127
ERN 15
ETB 155.204788
EUR 0.852897
FJD 2.29175
FKP 0.746872
GBP 0.747265
GEL 2.689805
GGP 0.746872
GHS 11.524995
GIP 0.746872
GMD 73.497632
GNF 8684.999834
GTQ 7.663578
GYD 209.345507
HKD 7.780205
HNL 26.179942
HRK 6.4263
HTG 131.049996
HUF 330.746499
IDR 16696
ILS 3.208805
IMP 0.746872
INR 90.22775
IQD 1310
IRR 42125.00005
ISK 126.249953
JEP 0.746872
JMD 160.101077
JOD 0.709023
JPY 155.613996
KES 128.90203
KGS 87.450179
KHR 4009.999922
KMF 421.000349
KPW 899.993999
KRW 1476.205009
KWD 0.306901
KYD 0.833782
KZT 516.249648
LAK 21656.000557
LBP 89550.00024
LKR 309.584176
LRD 177.40991
LSL 16.734958
LTL 2.95274
LVL 0.60489
LYD 5.419924
MAD 9.174979
MDL 16.874536
MGA 4528.000066
MKD 52.517746
MMK 2100.057046
MNT 3547.602841
MOP 8.019874
MRU 39.759774
MUR 46.039771
MVR 15.460178
MWK 1738.000065
MXN 18.007931
MYR 4.083995
MZN 63.910216
NAD 16.740242
NGN 1457.880241
NIO 36.705413
NOK 10.160995
NPR 144.441314
NZD 1.731735
OMR 0.384416
PAB 1.000627
PEN 3.365997
PGK 4.24925
PHP 58.592001
PKR 280.249729
PLN 3.58615
PYG 6680.126517
QAR 3.641201
RON 4.341797
RSD 100.164267
RUB 79.923409
RWF 1452
SAR 3.750821
SBD 8.140117
SCR 14.802556
SDG 601.496955
SEK 9.280245
SGD 1.29024
SHP 0.750259
SLE 24.096241
SLL 20969.503664
SOS 571.49143
SRD 38.677967
STD 20697.981008
STN 21.2
SVC 8.755448
SYP 11058.365356
SZL 16.739731
THB 31.410505
TJS 9.240587
TMT 3.51
TND 2.904502
TOP 2.40776
TRY 42.727698
TTD 6.789428
TWD 31.54495
TZS 2490.00007
UAH 42.262365
UGX 3574.401243
UYU 39.209995
UZS 12025.000045
VES 279.213401
VND 26325
VUV 121.372904
WST 2.784715
XAF 559.97217
XAG 0.015299
XAU 0.000231
XCD 2.70255
XCG 1.803297
XDR 0.69494
XOF 557.999706
XPF 102.197729
YER 238.449614
ZAR 16.736545
ZMK 9001.201192
ZMW 22.76404
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0000

    23.28

    0%

  • CMSC

    0.0300

    23.29

    +0.13%

  • RIO

    0.4400

    77.63

    +0.57%

  • AZN

    0.7500

    90.61

    +0.83%

  • BCC

    1.4100

    77.7

    +1.81%

  • GSK

    -0.4200

    48.29

    -0.87%

  • RELX

    0.0900

    40.65

    +0.22%

  • RYCEF

    0.6300

    15.4

    +4.09%

  • NGG

    -0.7700

    76.39

    -1.01%

  • RBGPF

    -1.7900

    80.22

    -2.23%

  • VOD

    -0.0100

    12.8

    -0.08%

  • JRI

    0.0000

    13.43

    0%

  • BCE

    -0.3000

    22.85

    -1.31%

  • BP

    -1.1600

    33.31

    -3.48%

  • BTI

    -0.1300

    57.04

    -0.23%

EU-Mercosur deal delayed as farmers stage Brussels show of force
EU-Mercosur deal delayed as farmers stage Brussels show of force / Photo: © AFP

EU-Mercosur deal delayed as farmers stage Brussels show of force

The signing of a trade deal between the EU and South American bloc Mercosur will be postponed to January, officials said Thursday, after farmers staged a show of force against the pact outside a Brussels leaders' summit.

Text size:

Mercosur nations were notified of the move, which came after EU plans to seal the pact this week were upended by heavyweights France and Italy demanding a delay, a European Commission spokeswoman said.

The EU-Mercosur deal would create the world's biggest free-trade area and help the 27-nation bloc to export more vehicles, machinery, wines and spirits to Latin America at a time of global trade tensions.

But Paris and Rome want more robust protections for their farmers, who fear being undercut by a flow of cheaper goods from agricultural giant Brazil and its neighbours.

Thousands of farmers flooded the Belgian capital Thursday -- rolling around 1,000 honking tractors into the city -- as the deal loomed large over the European leaders' gathering.

Having initially reacted with a now-or-never ultimatum to its EU partners, Brazil opened the door on Thursday to delaying the deal's signature to allow time to win over the holdouts.

Brazil's President Luiz Inacio Lula da Silva said Italian Prime Minister Giorgia Meloni had asked him for "patience" and had indicated that Italy would eventually be ready for the agreement.

EU chief Ursula von der Leyen subsequently informed EU leaders in Brussels that the signing would be pushed back to "early January", the commission spokeswoman said.

- Potatoes and tear gas -

Key power Germany, as well as Spain and the Nordic countries, strongly support the Mercosur pact, eager to boost exports as Europe grapples with Chinese competition and a tariff-happy administration in the White House.

But farmers say it would also facilitate the entry into Europe of beef, sugar, rice, honey and soybeans produced by their less-regulated South American counterparts.

Tensions boiled over in Brussels Thursday after a mostly peaceful protest involving at least 7,000 farmers.

Rowdy scenes erupted outside the European Parliament, where protesters lit fires, set off fireworks and hurled potatoes, bottles and other objects at the police who responded with tear gas and water cannon.

"We're here to say no to Mercosur," Belgian dairy farmer Maxime Mabille told AFP, accusing von der Leyen of seeking to "force the deal through".

Farmers are also incensed at EU plans to overhaul the 27-nation bloc's huge farming subsidies, fearing less money will flow their way.

Police charged several times to clear the area. Minor scuffles ensued and at least a handful of people were arrested, an AFP reporter saw.

"It's not fair," Luis, a 24-year-old cattle farmer from Belgium's French-speaking south who did not want to give his full name, said of the Mercosur deal.

"They are going to export cheap meat that is going to lower our prices," he said, adding that South American farmers used cheap feed as well as hormones banned in principle under the deal but in practice hard to detect.

- 'Not there yet' -

Von der Leyen had hoped to win a final approval from member states in time to fly to Brazil for a signing ceremony on Saturday.

But with Paris, Rome, Hungary and Poland in opposition, the deal's critics had enough clout within the European Council to shoot down the deal, were it to be put to a vote.

Italy and France both want tougher safeguard clauses, tighter import controls and more stringent standards for Mercosur producers.

Rome said it was "ready to sign the agreement as soon as farmers are given the necessary answers, which depend on the decisions of the European Commission and can be defined in a short period of time".

G.George--TFWP