ISDS Case Map
Mercosur
ECVC warmly welcomes today’s vote in the European Parliament in Strasbourg, in which MEPs voted in favour of requesting an opinion from the Court of Justice of the European Union on the compatibility of the proposed EU–Mercosur agreement.
The European Union recognizes the key role that the free trade agreement with Mercosur, an economic bloc formed by Argentina, Brazil, Paraguay and Uruguay, will have for the supply of critical minerals to the European continent.
Brazil’s government expects that the signing of the free trade agreement between Mercosur and the European Union will trigger a ripple effect for similar negotiations between the South American bloc and other countries.
As farmers continue to mobilise against the EU-Mercosur FTA across Europe this week, ECVC and its members are calling on MEPs to take a stand for democracy, legality, and the rule of law in the European Union.
The trade agreement could in theory enter force after the signature, but convention dictates that this will only happen after consent from the European Parliament. A final vote may only take place in April or May.
Signing by the EU and the South American trading bloc capped 25 years of talks and sets up a parliamentary showdown in Brussels.
The shift by the Spanish center right will deliver a first test for the Mercosur accord by as early as next week, as MEPs are due to vote on a legal challenge against it.
Paulo Nogueira Batista Jr. argues Brazil should avoid advancing similar trade pacts.
Many European farmers fear their livelihoods would be undercut by a flow of cheaper goods from Latin American countries if the deal passes
The EU and Mercosur will sign their long-awaited trade agreement on Saturday, with European Commission President Ursula von der Leyen traveling to Paraguay on Jan. 17 for the signing ceremony.
