According to a report from the Financial Times, the Dutch Trade Minister has insisted that Europe’s deal with the South American customs bloc will support rather than undermine the EU’s drive for sustainable growth, hitting back at criticism from farming and environmental lobbies.
Sigrid Kaag, a Dutch liberal and former UN diplomat, told the Financial Times that an EU free trade deal struck last month with Argentina, Brazil, Paraguay, and Uruguay (collectively known as Mercosur), was an opportunity for Europe to export its high social and environmental standards to South American economies.
The EU-Mercosur deal, which was sealed on June 28 after two decades of negotiations, will slash tariffs on each side’s exports. Big prizes for the EU included reduced duties on industrial goods and wine, while South American producers will get preferential access to European beef, poultry, and sugar markets.
Full Content: The Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI