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
Why Cannes Is the Ultimate New Year’s Eve Destination in the South of France’s Off-Season - 2L.A.'s most famous midcentury home, the Stahl House, is on the market for the 1st time, at $11K per square foot: See inside
- 3The most effective method to Distinguish the Best Material Organization in Your Space
- 4Which Diet Prompts the Incomparable Wellbeing Results?
- 5Manual for Vegetarian Protein Powder
- 5 Different ways Macintosh is Prepared to Overwhelm Gaming, Even Against Windows
- Twins were the norm for our ancient primate ancestors − one baby at a time had evolutionary advantages
- Agios Pharma shares jump as US FDA expands approval for its blood disorder drug
- A top Marine shares his secrets to keeping fit at 50
- Bayer reports positive results for blood thinner after 2023 setback
- Novartis eyes more bolt-on acquisitions, CEO says
- Which game do you cherish observing live? Vote!
- Former 'Bachelorette' welcomes 1st baby via emergency c-section
- The 10 Most Famous Works of art Ever
