Corn – The EU already imports 25% of its needs with 6 MMT to 7 MMT coming from Brazil. The agreement includes an additional quota of 1 MMT of corn and unlimited imports of corn derivatives.This measure represents direct competition to French production of corn derivatives.

An agreement between the EU and the Mercosur trade bloc promises an 800-million-person market and reduced tariffs. Yet political fears in Europe threaten to derail the landmark deal, jeopardising glob

“The EU-Mercosur agreement isn’t just a trade deal, it’s a trade-off,” said Birthe Steenberg, secretary general of AVEC. ”By favouring short-term export gains, the EU puts our strategic autonomy in agriculture on the line, undermines EU farmers and, ultimately, jeopardises its long-term sovereignty.”

The European Union and South America's Mercosur bloc dragged a long-delayed free trade deal over the line on Friday, announcing an agreement - at least in principle - on the pact that has deeply divided nations in Europe.

The European Union and the South American Mercosur bloc clinched a long-sought trade deal over the vehement objections of France, which has pledged to lead a charge to obstruct its ratification.

While the EU is Mercosur’s second-largest trading partner, accounting for nearly 17 percent of its total trade last year, the region’s economies are “highly protected,” and European firms “face many trade barriers when exporting there, which makes it hard for them to compete under fair conditions,” the Commission said Friday.

The European Union and the South American bloc Mercosur of Argentina, Brazil, Paraguay and Uruguay finalised a free trade agreement on Friday, although it faces a tough battle to secure approval by the 27 EU member states.

The European Union and four members of the South American trade bloc Mercosur - Brazil, Argentina, Paraguay and Uruguay - finalized a free trade agreement after 25 years of negotiations, although it still needs to be approved by all member nations.

"Today marks a truly historic milestone," said European Commission President Ursula von der Leyenon Friday in Montevideo, when the EU and the Mercosur trade bloc finalized their deal. Connecting Europe with South America.

The European Union and South America's Mercosur bloc are expected on Friday to finalise a free trade agreement but it faces a tortuous battle for approval in Europe given firm French opposition. After negotiations spanning more than 20 years and five years on from an initially inked deal,