Request Free Trial

EU-Mercosur trade deal in peril over sustainability standards

Deforestation Amazon region in Brazil
The text pf the EU-Mercosur agreement does not include sufficient safeguards to prevent deforestation in the Amazon rainforest region (Photo: Amanda Perobelli/Reuters)

Europe’s demand for stricter sustainability requirements in a stalled trade agreement with South American countries shows the difficulty in imposing a global baseline, as governments navigate different economic trajectories in the green transition

Confidence in finalising a free trade agreement between the EU and a bloc of South American countries formed by Brazil, Argentina, Uruguay and Paraguay is waning, as negotiating factions disagree over the enforcement of sustainability safeguards. Upcoming elections across both groupings are complicating talks further.

To continue reading

Request Free Trial
  • Unlimited access to all content
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.
  • The Sustainable Views Policy Tracker - deep insight on ESG regulations and deadlines
Already a subscriber?Log in
A service from the Financial Times