`MPs in Austria Reject EU-Mercosur Free Trade Deal

Europe

MPs in Austria Reject EU-Mercosur Free Trade Deal

Sep. 19, 2019
Daniel Dawson

Recent News

Law­mak­ers in Aus­tria have demanded that the gov­ern­ment reject the land­mark free trade agree­ment between the Euro­pean Union and Mer­co­sur, the BBC reports.

Mem­bers of Par­lia­ment from a num­ber of dif­fer­ent par­ties across the polit­i­cal spec­trum refused the pass the treaty out of com­mit­tee, cit­ing con­cerns about Brazil’s envi­ron­men­tal poli­cies and recent fires in the Ama­zon rain­forests.

Brazil is one of four mem­bers of the Mer­co­sur (the oth­ers are Argentina, Paraguay and Uruguay), all of which have rat­i­fied the agree­ment. If just one of the 27 EU mem­ber nations rejects the deal, then it can­not pass through the Euro­pean par­lia­ment, and will effec­tively be dead.

France, Ire­land and Lux­em­bourg had pre­vi­ously threat­ened to veto the deal, which took more than 20 years to nego­ti­ate, due to con­cern for Euro­pean farm­ers as well as the envi­ron­ment.

This comes as bad news to olive oil pro­duc­ers and con­sumers from both sides of the Atlantic who were eagerly await­ing the chance to export and import tar­iff-free olive oil from one shore to the other.

Advertisement

How­ever, the agree­ment is not dead yet. Aus­trian vot­ers head to the polls Sep­tem­ber 29 and depend­ing on the elec­tion, a new set of law­mak­ers may yet breathe new life into the deal.





Related News