Just recently, Mercosur cleared the European Council, with 21 countries in favour, 1 abstention, and 5 against. It looked like Europe was finally moving forward on one of the biggest trade deals on the planet — at a moment when we urgently need to diversify away from the US. But in this video, I’ll explain why the European Parliament just voted to send the deal to the European Court of Justice, delaying it by up to 24 months. And I’ll also break down the controversial plan for “provisional application”, meaning parts of the deal could still start as early as March, even without the final court ruling or Parliament’s final vote. So yes: this is about Mercosur, but also about how Europe keeps tripping over itself at the worst possible time.
Mercosur is an economic bloc in South America which the EU has been negotiatiating a trade agreement with.
This would be like some Argentinian saying “the European Union is a trade agreement” that we are negoiating with some countries in Europe.
https://en.wikipedia.org/wiki/EU–Mercosur_Partnership_Agreement
4 countries in SA vs 27 in Europe. The point being, many people think this deal is with the whole SA.
Interestingly EU deals with Chile and Colombia were approved without any difficulty.
I do believe the fact people are unfamiliar with Mercosur as an organization and often imagine it bigger than it is made it easier to increase the opposition. Shouting “no trade with Brazil” sounds more aggressive and xenophobic than shouting “stop Mercosur”.