The European Union is postponing the signing of a free trade deal with four Mercosur countries until January, an EU official said on Thursday.
The agreement between the EU and Brazil, Argentina, Uruguay and Paraguay, which has been in the making for over 25 years, was scheduled to be signed at a summit in Brazil on Saturday.
The controversial free trade deal is intended to boost trade between the economic blocs, but is viewed critically by some major EU countries including France, Poland and Italy.
Italian Prime Minister Georgia Meloni, however, said that her government would be ready to back to deal as soon as the European Commission delivers more reassurances to farmers.
Italy's support is required to reach the necessary majority of at least 15 of the EU's 27 states, representing 65% of the bloc's population, backing the deal and to pave the way for its signing.
LATEST POSTS
- 1
China's 1st reusable rocket explodes in dramatic fireball during landing after reaching orbit on debut flight - 2Sarkozy says he owes France 'the truth' as he challenges conviction over alleged Libya funding
- 3Relentless rise in carbon pollution from fossil fuels slightly dampens climate-fighting hopes
- 4MEPs urge Commission leaders to stop Russia from returning to the Venice Biennale
- 5Step by step instructions to Remain Spurred While Chasing after a Web-based Degree
- The Manual for Decent European Urban communities in 2024
- 4 Coolers for Present day Kitchens
- The Eastern Bongo, Kenya’s Rare Forest Antelope on the Brink
- Vote In favor of Your Favored Occasion Arranging Administration
- Most loved VR Game for Wellness: Which Keeps You Dynamic?
- State asks High Court to reject challenge to anti-UNRWA laws ahead of Monday hearing
- Sanofi to acquire hepatitis B vaccine maker Dynavax for $2.2 billion
- The Minimized Passage Horse: Reconsidering a Symbol for the Cutting edge Period
- Who is Artemis? Meet the Greek goddess who inspired NASA's return to the moon
