Austria rejects EU-Mercosur trade deal over Amazon fires
Key committee in Austrian Parliament rejects draft free-trade agreement between EU and Mercosur over concerns about fires in the Amazon.
A key committee in Austria’s Parliament has rejected a draft free-trade pact between the European Union and the Mercosur bloc over concerns about fires in the Amazon, the latest sign of resistance to the agreement reached in June.
In a decision that’s binding for the government, almost all parties on the Parliament’s EU subcommittee voted against the deal with the Mercosur free-trade zone -- comprising Brazil, Argentina, Uruguay and Paraguay.
“The rainforest is burnt down in South America to create grazing land to then export discount beef to Europe,” Elisabeth Koestinger, a former agriculture minister of the conservative People’s Party, said in a statement after Wednesday’s vote. “The EU mustn’t reward that with a trade agreement.”
European opposition to the pact has surged over fires in the Amazon rainforest. French President Emmanuel Macron branded Brazil’s president a liar before the Group of Seven (G7) meeting last month and threatened to block the deal. Irish lawmakers in July expressed opposition over concerns about its impact on local farmers.
Austria is currently ruled by a technocrat administration pending snap elections on September 29. The country’s Parliament could still move to reverse the decision later, and the text of the draft agreement isn’t expected to be ready until at least next year.
– BLOOMBERG
related news
-
Stories that caught our eye: April 26 to May 3
-
Media watchdog says press freedom has deteriorated under Milei
-
EU-Mercosur deal is ‘win-win,’ says Poland’s ambassador to Argentina
-
MercadoLibre weathers Argentina tumult with Mexico, Brazil gains
-
Argentina given roadmap for OECD ascension
-
City officials to meet investors as Buenos Aires weighs global bond sale
-
Central Bank cuts rates to 50% as Milei wrestles inflation down
-
Thousands march on Workers' Day, voicing opposition to Milei's labour reform
-
Milei finally discovers politics
-
Five key points from Milei’s 'omnibus' reform package