Spokesperson Olof Gill stated that the agreement is a matter of utmost importance for our European Union (EU), from an economic, diplomatic, and geopolitical point of view, but also in terms of responsibility on the world stage.
France urged the EU and the Mercosur countries on Sunday to postpone their meeting scheduled for December, arguing that the conditions for signing the EU-Mercosur trade agreement are not yet in place.
The Southern Common Market (Mercosur) is an economic bloc founded in 1991 by Argentina, Brazil, Paraguay, and Uruguay. In 2012, Mercosur incorporated Venezuela (the Brazilian Senate ratified Bolivia’s entry as a full member of Mercosur on November 28, 2023).
This body constitutes an open and dynamic process. Since its creation, its main objective has been to foster a common space that generates trade and investment opportunities through the competitive integration of national economies.
The European Commission is an institution of the European Union, created in 1958 and headquartered in Brussels, Belgium. It serves as the EU’s executive body. It represents the general interest of the Union and proposes and implements laws that respond to the objectives of the EU treaties.
The EU is an economic and political partnership of 27 European countries that have delegated part of their sovereignty to common institutions to democratically make decisions on matters of common interest (founded on November 1, 1993, in Maastricht, Netherlands).
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