French President Emmanuel Macron said on Wednesday during his visit to Brazil that a potential trade agreement between the European Union and the South American Mercosur bloc as it currently stands is a “very bad deal” and more work on climate is needed.
“As it is negotiated today, it is a very bad deal, for you and for us,” Macron told businessmen in Sao Paulo while on a three-day trip to Latin America’s largest economy, amid talks over a trade deal between the European Union and Mercosur.
Macron said, “There is nothing that takes into consideration the subject of biodiversity and climate; nothing. Let’s forge a new deal in light of our goals and reality, a trade deal that is responsible on development, climate and biodiversity.”
While Brazil has said it is ready to sign a deal, France has repeatedly expressed reservations and said its farmers have objected to the prospect that could allow in agricultural imports, notably beef, that do not meet strict EU standards.
France’s Macron says EU-Mercosur proposal is ‘very bad deal’ on visit to Brazil
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