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
See the moon shine with Saturn in the southern sky after sunset Dec. 26 - 2Which Instax Camera Would it be a good idea for you to Purchase?
- 3Violence 'never part' of break-in plan, court told
- 4Vote in favor of Your Number one BWM Vehicles
- 5Jamie Dimon warns Iran war could drive inflation, interest rates higher
- These 3 Nail-Free Finds Completely Transformed My Drab Bathroom
- All that You Really want to Be aware of Dental Inserts Facilities
- The Best 15 Applications for Efficiency and Association
- Voting begins in Uganda’s presidential election during internet shutdown and polling station delays
- Energy agency chief warns of 'black April' for oil supplies
- Moon rocket and weather are on NASA's side for the first astronaut launch in decades
- Regeneron's experimental therapy combo effective in untreated cancer patients
- General Atlantic says ‘biggest mistake’ would be pulling back on Gulf deals
- Australia Cracks Down on Gambling Ads as Prediction Markets Like Polymarket Remain Blocked
