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world1d ago
What the EU-Mercosur deal might mean for the environment
- The EU and Mercosur are set to sign a landmark free trade agreement, creating one of the world's largest free trade zones and eliminating tariffs on over 90% of bilateral trade.
- The deal covers about 30% of global GDP and reaches nearly 700 million consumers, signaling a major shift in European-South American economic ties.
- EU leaders frame the agreement as a path to shared prosperity, emphasizing that international trade is not zero-sum and can enhance regional growth.
- Brazil’s Lula will skip the signing ceremony, a move interpreted as frustration over the absence of a December signing while Brazil held Mercosur’s rotating presidency.
- Observers warn the deal faces domestic opposition in the EU, particularly from farmers who fear a surge of imports and weakened environmental standards.
- Tariffs on most goods will be cut or scrapped, but the text leaves questions about enforcement and how sustainability promises will translate into real protections.
- The Trade and Sustainable Development chapter hints at cooperation on sustainable consumption and circular economy, signaling potential shifts toward a bioeconomy in Mercosur.
- Environmental groups warn the EU could dilute its own green rules domestically, potentially weakening overall climate policy while pursuing Mercosur.
- Analysts see potential positive impact on Mercosur's circular economy and regenerative agriculture through EU influence on sustainability measures.
- Enforcement remains the deciding factor: real protections will depend on how strictly the agreements are implemented and monitored.
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