#EuropeanUnion Agrees to Landmark #FreeTrade Deal With #SouthAmerica
The agreement with #Argentina, #Brazil, #Paraguay & #Uruguay represents a push for deeper global cooperation, in contrast to the #UnitedStates turning to coercion & #force in its dealings with other countries.
#geopolitics #GlobalEconomy
https://www.nytimes.com/2026/01/09/business/economy/european-union-mercosur-trade.html?smid=nytcore-ios-share
"The Climate Action Network said the deal was not only about tariffs and quotas but would “drive deforestation” and “worsen human rights conditions in some of the world’s most sensitive ecosystems” with incentives to farm more beef and soy and timber for paper in deforestation-prone areas"
@Nonilex I want free trade deal with Thailand, because I have Thai flip flops, Thai rubber boots and Thai rice cooker and they are superior quality, cheap and reliable, no-bullshit products. The rice cooker is all-metal nonflammable with non-flammable phenolic plug and works exactly as supposed!
The #EU, overcoming deep dissension among its members, gave the green light to a sweeping trade pact with 4 countries in #SouthAmerica on Friday that would create one of the largest #FreeTrade zones in the world, connecting markets with >700 million people.
The agreement offers a stark contrast to the amped-up aggression on display this week from the #Trump admin.
As #Europe worked to extend an era of economic collaboration, the #US, its once-close ally, demonstrated it preferred coercion over cooperation.
In Brussels, #EU leaders negotiated & revised rules to win agreement. Across the Atlantic, #Trump authorized #military raids to oust #Venezuela’s president & capture tankers, as part of a plan to seize billions of dollars worth of Venezuelan #oil. He then doubled down on threats to #Colombia, #Cuba & #Greenland, a semiautonomous territory of #Denmark.
@Nonilex Many seem to forget that the EU has land borders with South America (Brazil) and North America (Canada).
