European Commission Proposes 45 Billion Euros to Secure Italy's Support for EU-Mercosur Deal
The European Commission has proposed 45 billion euros in support for farmers to win Italy's backing for the EU-Mercosur trade agreement. This move aims to remove a critical veto and enable the EU to sign the deal as early as January 12.
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The European Commission has put forward a proposal of 45 billion euros in accelerated support for farmers, a strategic move aimed at securing Italy's backing for the EU-Mercosur trade agreement. This development comes as a significant step towards removing a crucial veto threat, potentially allowing the EU to sign the accord as early as January 12. The agreement, which has been in negotiation for 25 years, faced a setback in December when Italy and France blocked its progress due to concerns about cheap commodity imports, including beef and sugar.
