The European Union is postponing the signing of a free trade deal with four Mercosur countries until January, an EU official said on Thursday.
The agreement between the EU and Brazil, Argentina, Uruguay and Paraguay, which has been in the making for over 25 years, was scheduled to be signed at a summit in Brazil on Saturday.
The controversial free trade deal is intended to boost trade between the economic blocs, but is viewed critically by some major EU countries including France, Poland and Italy.
Italian Prime Minister Georgia Meloni, however, said that her government would be ready to back to deal as soon as the European Commission delivers more reassurances to farmers.
Italy's support is required to reach the necessary majority of at least 15 of the EU's 27 states, representing 65% of the bloc's population, backing the deal and to pave the way for its signing.
LATEST POSTS
- 1
4 injured in shooting at North Carolina tree lighting ceremony - 2Unfathomable and Entertaining Legal disputes That Surprise everyone
- 3Remote Headphones: Improve Your Sound Insight
- 4Most loved Amusement Park Firecrackers Show: Which One Lights Up Your Evening?
- 5AI’s errors may be impossible to eliminate – what that means for its use in health care
- 5 Great Crossover Vehicles For Eco-friendliness In 2024
- Last supermoon of the year, the cold moon, seen across the U.S.: See the photos
- Pedal Power: Divulging Well known Bike Brands for Each Cyclist
- New dinosaur tracks in Italy illustrate herds moving in unison
- An Excursion Through Renowned Western Network programs
- Fetterman says he's back home after a fall put the Pennsylvania senator in the hospital
- Vietnam rethinks its flood strategy as climate change drives storms and devastation
- How will the universe end?
- Excelling at Cash The board: A Manual for Monetary Essentials
