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Austria Rejects Mercosur Deal


The new Austrian government will not support the trade deal between the EU and South American nations. The EU and the South American trade bloc Mercosur whose members are Argentina, Brazil, Paraguay and Uruguay, concluded their trade deal in June, after 20 years of negotiations. However, the agreement is unpopular in farming areas in Austria, which fear that imports from the Mercosur will harm them. Austria’s parliament passed a motion in September for the government to veto ratification of the deal in the Council of the EU. The government added that it will support an EU policy that works on trade agreements with a focus on environmental standards and standards for the protection of consumers.

source: neweurope.eu