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Mercosur Summit to Tackle Imbalances in EU Trade Deal
Mercosur members agree on rejecting the EU’s environmental conditions, but are divided on allowing members to negotiate bilaterally to open up their market, as Uruguay is trying to do.
Mercosur members agree on rejecting the EU’s environmental conditions, but are divided on allowing members to negotiate bilaterally to open up their market, as Uruguay is trying to do.
If and how Europe deals with reducing its reliance on China is a defining issue of the decade, as a new EU strategy launched this week envisions greater controls on foreign investments into the bloc and the flow of technology.
Not threats of sanctions but mutual trust should drive the strategic partnership, Lula said, referring to the environmental clause the EU tried to include in the Mercosur trade deal.
Fundamentally, the core of the problem is the EU’s adherence to the precautionary principle, which comes with a deeply unscientific intolerance for any risk.
After weeks of intense negotiations, five EU countries will lift their earlier bans on Ukrainian agricultural imports.
President Lula’s recent remarks about the war in Ukraine cast doubts on the future of EU-South America trade relations, even though the bloc would badly need to counter China’s economic dominance in the region.
Not accepting that future conflict between the West and China is “inescapable,” the French president urged Europe to commit to maintaining trade with China.
Implicit in the Chinese leader’s departing words, as his three-day state visit concluded, was the promise the world order would experience a shakeup not seen in a century.
Badenoch warned that the scheme would negatively affect global supply chains and confirmed that the UK would cooperate with the EU to frame a response to the Biden administration’s green subsidy plan.
While the cost of doing business in Europe has increased dramatically in the last year, the euro has also lost value against the dollar. The depreciation benefits euro-zone exports to America.