{"id":82946,"date":"2024-12-09T00:00:00","date_gmt":"2024-12-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/09\/eu-mercosur-wrap-freetrade-agreement-negotiations-25-years-in-the-making\/"},"modified":"2024-12-09T00:00:00","modified_gmt":"2024-12-09T00:00:00","slug":"eu-mercosur-wrap-freetrade-agreement-negotiations-25-years-in-the-making","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/09\/eu-mercosur-wrap-freetrade-agreement-negotiations-25-years-in-the-making\/","title":{"rendered":"EU-Mercosur wrap freetrade agreement negotiations 25 years in the making"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The EU and the Mercosur bloc of South American nations inked an <\/strong><strong>agreement in principle on Friday on a pact 25 years in the making<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/eu-mercosur-set-finalise-contentious-trade-deal-2024-12-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The agreement saw amendments from a 2019 version, including in public procurement, auto trading, and critical mineral exports, as well as an annex about environmental measures to address South American fears about EU protectionism. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not without challenges: <\/strong>The trade agreement still must go through legal formalities, translation, and approval by member countries, with a possibility looming that it may still be blocked by staunch opponents like France. \u201cOnly two of the five spoke and no questions were taken. That in itself, speaks volumes,\u201d said an EU source closely involved in the talks, explaining that the agreement came out \u201cby the skin of its teeth ... At least we have the association agreement, the rest will keep playing out in the coming days.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The EU and Mercosur had been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cbaaaf91-77af-4ccc-9aba-f456ab5b28a4\/will-the-eu-%2B-the%253cmark%253e-mercosur%253c%2Fmark%253e-block-secure-a-trade-treaty%3F\" style=\"\" rel=\"noopener\">looking to complete the long delayed trade treaty<\/a> by early December. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/61328b76-4e3c-4999-b478-b6376bd644de\/poland-opposes%253cmark%253e-eu-mercosur%253c%2Fmark%253e-trade-agreement-on-unfair-trade-allegations\" style=\"\" rel=\"noopener\">France has been leading the opposition within the EU<\/a> \u2014 alongside Austria, and the Netherlands \u2014 and has called the European Commission to renegotiate the agreement by incorporating \u201cmirror clauses\u201d which could impose identical standards on products traded between the two blocs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Japan plans to talk trade with Trump:<\/strong> Japan plans on holding trade talks with US President-elect Donald Trump, with the understanding that cutting car and auto part tariffs will be on the agenda. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-06\/japan-eyes-talks-with-trump-that-include-cutting-auto-tariffs?srnd=phx-economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Stories on our radar this morning from around the world<\/p>\n","protected":false},"author":1,"featured_media":82947,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-trade","wpautop","entry"],"acf":{"mongo_id":"8085acb5-4697-4586-822e-8d9ca21a6439","order":"16","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/787.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EU-Mercosur 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