Brussels has drawn up political “safeguards” to appease France’s farming lobby and win Paris’s backing for a trade deal with the Mercosur bloc of South American economies.
The EU is targeting final approval for December of the Mercosur deal, which would create a shared market of 700mn consumers by combining the EU with Brazil, Argentina, Uruguay and Paraguay.
Two decades in the making, the agreement won preliminary assent last December as part of a renewed push in Brussels to diversify its trade partnerships, fuelled by the election of US President Donald Trump and his protectionist worldview.
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