EU envoys approve signing of Mercosur trade deal

January 09, 2026 / 8:17 PM

Sharjah 24 – WAM: EU ambassadors gave provisional approval on Friday for the bloc's largest-ever free trade accord with the South American group Mercosur, more than 25 years after negotiations began and following months of debate to secure backing from key member states, according to EU diplomats and sources.

Strategic importance for the EU

The European Commission, which concluded negotiations a year ago, along with countries like Germany and Spain, argue the deal is crucial for opening new markets. It is seen as a way to offset losses from US tariffs and reduce dependence on China by securing access to critical minerals.

Opposition from France and others

Critics, led by France—the EU’s largest agricultural producer—warn that the agreement will increase imports of cheaper food products, including beef, poultry, and sugar, potentially undercutting domestic farmers.

Voting and approval process

On Friday, ambassadors from the EU’s 27 member states signaled their governments’ positions. At least 15 countries, representing 65% of the EU population, voted in favor, meeting the threshold for approval. EU capitals have until 5 p.m. Brussels time (1600 GMT) to submit written confirmation of their votes.

Next steps for the deal

Following approval, Commission President Ursula von der Leyen can sign the agreement with Mercosur partners—Argentina, Brazil, Paraguay, and Uruguay—potentially as soon as next week.