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
Al-Sharaa denies he called for 80% of Syrians to return from Germany - 2Former biotech CEO sued over COVID vaccine alleged insider trading
- 3What you need to know about flu treatments as cases spike across the US
- 4Figure out How to Track and Anticipate Future Cd Rates
- 5Gauging the Upsides and downsides of Visas: A Complete Aide
- Fundamental Home Items Each Animal person Needs
- Toyota Just Electrified a Pickup Legend, but It Won’t Be Cheap
- FDA proposes use of sunscreen ingredient popular in other countries
- Watch interstellar comet 3I/ATLAS speed away from the sun in free telescope livestream on Nov. 16
- Well informed: How to Take full advantage of Your Gadgets
- NASA releases stunning new images captured by the Artemis II moon mission, including 'Earthset' and a solar eclipse from space
- The most effective method to Pick A Trade-in vehicle Stage
- Consumers advised to dispose of 19 cooking pans due to lead leaching risk, FDA reports
- 'I was diagnosed with incurable brain cancer on holiday'
