Brazilian President Luiz Inacio Lula da Silva has warned that the long delayed EU Mercosur trade agreement will be effectively dead if the European Union postpones its signing again. Speaking at a ministerial meeting in Brasilia,

The European Union struck a provisional deal on Wednesday to set tighter controls on imports of farm products resulting from a planned trade agreement with South American bloc Mercosur, potentially meeting some complaints of critics of the deal.

If Germany does not return to being a strong export nation, then we will not be able, economically and financially, to bear any further additional burdens,” one of Friedrich Merz’s conservatives

European lawmaker Rihards Kols tells CNBC France is putting up hurdles in the face of attempts to get the Mercosur trade deal over the line.

EU lawmakers backed tighter controls on imports of agricultural products under a potential trade agreement with the South American trade bloc Mercosur, as Brussels tries to get sceptics on board to sign the EU's largest-ever trade accord.

Lawmakers voted by a wide margin to approve additional safeguard measures to shield European farmers should local markets be destabilized by a glut of cheaper agricultural produce from Mercosur. Out of the 662 lawmakers attending, 431 MEPs voted in favor, 161 against and 70 abstained.