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
Launch pad damaged as Russian rocket blasts off for space station, agency says - 2Find the Advantages of Careful Eating: Developing a Sound Connection with Food
- 3Italy's Beloved Trevi Fountain Hides A Unique Secret That Can Be Explored Underground
- 45 Instructive Toy Brands for Youngsters
- 5Ancient fire discovery marks significant milestone in human history
- From Exemplary to Current: Famous Rings Available
- Manual for Tracking down the Immaculate Magnificence of Focal Asia
- Wedding trip Objections in the US
- Financial plan Cordial Home Redesigns That Add Worth
- Opening Potential: Self-awareness and Long lasting Learning
- Behind every perfect holiday memory is a mom on the brink
- Manual for Picking the Ideal Wine Matching
- Eleven Creations And Developments That Steered History
- A Gustav Klimt painting is now the most expensive piece of modern art sold at auction. The fascinating history behind the $236 million 'Portrait of Elisabeth Lederer.'
