Argentine Chamber of Deputies approves EU-Mercosur agreement

How should the EU-Mercosur agreement affect Brazilians’ pockets? Just a few minutes before midnight on Thursday (12), the Argentine Chamber of Deputies approved the trade pact. There were 203 votes in favor and only 42 against. Four deputies abstained. Even the block opposing Peronism, historically protectionist, was divided, with half of the legislators in favor of free trade. 📱Download the g1 app to see news in real time and for free Now, the text goes to the Senate, which should debate it on the 26th. Everything indicates that it will be approved, which would make Argentina the first Mercosur country to fully ratify the treaty in Congress – a necessary condition for its immediate entry into force. Argentina wants an advantage over Brazil This is the objective of Javier Milei’s government: to ensure that Argentina can first access export quotas for agricultural products, such as meat, among others, giving it a competitive advantage over Brazil. In Brasília, the Chamber of Deputies should only start debating ratification on the 24th. When sending the agreement to Congress, the Argentine Executive requested that it be dealt with in extraordinary sessions precisely to speed up its approval and position the country ahead of the other members of the bloc. Provisional application in Europe Although the European Parliament has sent the treaty to be analyzed by the Court of Justice of the European Union – a process that can take up to two years – the trade chapter can be applied provisionally by the European Commission, which has the authority to move forward with interim implementation pending legal opinion. The agreement between Mercosur and the European Union was signed on the 24th, after 25 years of negotiations. In addition to creating one of the largest free trade zones in the world, the pact has a strong geopolitical dimension: it allows South Americans and Europeans to come together as a counterweight to the polarization between the United States and China. General view of the chamber of deputies in Buenos Aires on February 27, 2013, as they discussed the possibility of an agreement with Iran to establish a truth commission regarding a terrorist attack that occurred in 1994 AFP PHOTO / Juan Mabromata

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