The European Union is postponing the signing of a free trade deal with four Mercosur countries until January, an EU official said on Thursday.
The agreement between the EU and Brazil, Argentina, Uruguay and Paraguay, which has been in the making for over 25 years, was scheduled to be signed at a summit in Brazil on Saturday.
The controversial free trade deal is intended to boost trade between the economic blocs, but is viewed critically by some major EU countries including France, Poland and Italy.
Italian Prime Minister Georgia Meloni, however, said that her government would be ready to back to deal as soon as the European Commission delivers more reassurances to farmers.
Italy's support is required to reach the necessary majority of at least 15 of the EU's 27 states, representing 65% of the bloc's population, backing the deal and to pave the way for its signing.
LATEST POSTS
- 1
Home Machine Basics: An Exhaustive Purchasing Guide - 2NASA says Maven spacecraft that was orbiting Mars has gone silent
- 3Favored Organic product for Seniors' Prosperity: Make Your Determination
- 4SUVs Known for Their Looks As opposed to Their Capacity
- 5Finding the Universe of Craftsmanship: Individual Encounters in Imagination
- The Best 10 Innovation Developments of the Year
- This Week In Space podcast: Episode 189 — Privatizing Orbit
- EU agrees on agriculture safeguards as fronts harden in Mercosur deal
- Inside Kathy Hilton’s Christmas pajama party: caviar bumps, champagne vending machines and a mansion full of Housewives
- Why the chemtrail conspiracy theory lingers and grows – and why Tucker Carlson is talking about it
- Computerized Moderation: Tracking down Equilibrium in the Advanced Age
- More parents refusing vitamin K shots for newborns, study finds
- BHP liable for 2015 Brazil mine disaster: UK court
- See a half-lit moon shine among the stars of Aquarius on Nov. 27
