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EU Ambassadors have voted by a qualified majority to support the EU-Mercosur trade deal, RTE's Connelly reports

The approval of the EU-Mercosur trade deal by EU ambassadors indicates a significant step towards enhanced trade relations between the EU and several South American countries.

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EU Ambassadors have voted by a qualified majority to support the EU-Mercosur trade deal, RTE's Connelly reports

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  • France, Poland, Austria, Ireland and Hungary expressed opposition. Belgium abstained. The remaining nations' ambassadors approved the deal.
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However, the dissent from certain member states like France and Hungary suggests potential hurdles in ratification and implementation, which could create uncertainty for traders in related currencies and commodities.

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