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
These 2 moon rovers used cameras and lasers to hunt for simulated water ice — and one looks like WALL-E - 2Pick Your Favored kind of soup
- 3Embrace the Outside: Exercises and Entertainment
- 4The Best Internet based Courses for Expertise Improvement
- 5How is 'A Knight of the Seven Kingdoms' connected to 'Game of Thrones'?
- The Most Encouraging New companies to Look Out For
- The most effective method to Recognize an Excellent Lab Precious stone
- Instructions to Pick the Right Dental Embed Trained professional: An Exhaustive Aide
- Japan prepares to restart world's biggest nuclear plant, 15 years after Fukushima
- Inconceivable Spots To Stargaze All over The Planet
- Equality requires universal draft, participation in economy and workforce, MK Liberman says
- Astronomers discover never-before-seen celestial object: "Cloud 9"
- Promising Speculation Bearings for Portfolio Development in 2024
- Vote In favor of Your Favored Kind Of Bites
