Macron tells EU leaders Mercosur deal 'doesn't add up' for France
President Emmanuel Macron has reiterated to EU leaders that a proposed trade deal with Mercosur countries doesn't work for French agriculture, officials at the French presidency said Tuesday.
"The president made it very clear to Commission President Ursula von der Leyen and European Council President Antonio Costa (late Monday) that the deal doesn't add up in terms of protection for French farmers," an Elysee official said, after the EU leadership, backed by Germany, insisted the deal with the South American bloc must be signed by the end of the year.
European Commission chief von der Leyen is planning to go to Brazil on Saturday to sign the agreement which, after 20 years in the making, would create the world's biggest free-trade area.
However, she first needs approval from the EU's member states and heavyweight France has requested a delay until 2026, considering its conditions not yet met.
The deal would allow the EU to export more vehicles, machinery, wines and spirits to Latin America, while facilitating the entry of South American beef, sugar, rice, honey and soybeans into Europe.
Fearing fallout for its agricultural sector, France has been clamouring for robust safeguard clauses, tighter import controls and more stringent standards for Mercosur producers.
European Commission chief von der Leyen is planning to go to Brazil on Saturday to sign the agreement which, after 20 years in the making, would create the world's biggest free-trade area.
However, she first needs approval from the EU's member states and heavyweight France has requested a delay until 2026, considering its conditions not yet met.
The deal would allow the EU to export more vehicles, machinery, wines and spirits to Latin America, while facilitating the entry of South American beef, sugar, rice, honey and soybeans into Europe.
Fearing fallout for its agricultural sector, France has been clamouring for robust safeguard clauses, tighter import controls and more stringent standards for Mercosur producers.
Popular from Business
- Budget 2026: When retirement becomes a tax trap - why India’s salary earners need urgent relief
- Top stocks to buy today: Stock market recommendations for January 6, 2026 - check list
- Rupee rebounds! Currency rises 18 paise after 4-day losses; reaches 90.12 against US dollar
- Cigarettes to get expensive from Feb 1! How much more will you have to pay? Check list
- 'If they don't help on Russian oil issue...': Donald Trump's new tariff warning to India; praises PM Modi
end of article
Trending Stories
- VHT: Shreyas Iyer misses century, falls for 82 runs against Himachal Pradesh
- “You hold a true soul brother”: Conor McGregor’s heartwarming gesture in bone-chilling cold morning wins hearts of fans
- Days after his emotional retirement, John Cena's iconic rival pays tribute to him on WWE RAW Stranger Things episode
- Who is Anfereen Simons’ partner? Exploring Boston Celtics star guard’s love story and everything you need to know about it
- WWE RAW Results & Highlights 5-jan-2026: Stranger Things edition sees CM Punk retain his World title, two new champions crowned, and more
- Alex Pereira’s surprise gift brings his father to tears in touching family moment
- Toronto Blue Jays catcher Alejandro Kirk enjoys time off the field as wife Sofia Castaneda shares a family moment on Instagram
Featured in Business
- Reliance Industries shares fall 5%! Over Rs 1 lakh crore eroded from M-cap — What triggered the fall?
- Lowest in years? India’s crude oil imports from Russia may drop sharply in January; Reliance says it expects no deliveries
- US economy outlook: Trump's tariffs spared Americans in 2025 — but how will 2026 feel?
- Gold price today: How much 22K, 24K gold cost in Mumbai, Delhi & other cities - Check rates
- December PMI data: Services growth cools down to 11-month low; hiring momentum weakens at year end
- Wipro changes work from office rules: Employees asked to work at least 6 hours from office; check details of new policy
Photostories
- Seychelles Black Parrot to Eclectus Parrot: 10 different types of parrots found across the world
- Mumbai–Pune Expressway’s Final Gap Closes: Missing Link Set To Open May 1, 30-Minute Faster Drives Ahead
- Chennai traffic woes to ease: Rs 78 crore Pattabiram ROB flyover completion brings relief to commuters on Tirupati Highway
- Why is Bathua considered so healthy? 8 easy dishes that are super delicious
- 7 reasons why parents should avoid labelling children in families
- Why are stepwells a beautiful piece of history? From the oldest to the one which is a UNESCO heritage- 5 iconic stepwells
- 5 foods that become unsafe when reheated
- ‘Shark Tank India’ funniest moments: From hilarious pitches and savage roasts
- Baby boy names inspired by Indian sages
- 6 tasty ways to include avocado in your kid’s diet
Up Next
Start a Conversation
Post comment