EU and South America's Trade Deal Hits a Snag

Lawmakers in the European Union have decided to pause a big trade agreement with South American countries. They want the top court to check if the deal follows EU rules. The vote was close, with 334 in favor and 324 against, and a few abstentions. This deal, known as the EU-Mercosur agreement, has been in the works for 25 years. It aims to boost trade between the EU and South America. The agreement would cut tariffs on many goods, making things like Argentine beef and German cars cheaper. It would also create one of the world's largest free trade zones, benefiting over 700 million people. France, a big player in agriculture, has been pushing for more protections for farmers. They wanted to delay the deal. France's foreign minister welcomed the parliament's vote, saying it aligned with their stance. He also mentioned that France often takes a stand when necessary, and history tends to prove them right.The European Commission, however, disagrees. They strongly regret the parliament's decision. Despite this, the EU's executive branch can still apply the deal provisionally. EU leaders will discuss the next steps at an emergency summit focused on transatlantic relations. Germany's chancellor described the parliament's decision as regrettable. He believes it underestimates the current geopolitical situation. He also stated that the agreement is legal and should be applied provisionally without further delays. Some lawmakers think the vote was irresponsible and harmful to economic interests. They argue that opponents should simply vote against ratification instead of using delaying tactics. In South America, the agreement has broad support and ratification is considered all but guaranteed. Mercosur includes Argentina, Brazil, Paraguay, and Uruguay. Bolivia, the newest member, is not part of the trade deal yet but could join in the future. Venezuela, however, has been suspended from the bloc and is not included in the agreement.