Finance

EU-Mercosur trade deal still needs work to be acceptable for France, says government

Published by Global Banking & Finance Review

Posted on November 19, 2025

2 min read

· Last updated: January 20, 2026

Add as preferred source on Google
EU-Mercosur trade deal still needs work to be acceptable for France, says government
Global Banking & Finance Awards 2026 — Call for Entries

PARIS (Reuters) -A trade deal negotiated between the European Union and the South American trade bloc Mercosur is still not acceptable for France in its current form, a French government spokesperson

France Criticizes EU-Mercosur Trade Deal's Current Form

PARIS (Reuters) -A trade deal negotiated between the European Union and the South American trade bloc Mercosur is still not acceptable for France in its current form, a French government spokesperson said on Wednesday.

The European Union and Mercosur - comprising Argentina, Brazil, Paraguay and Uruguay - agreed the EU's largest ever trade accord last December, some 25 years after negotiations were launched.

France has been a vocal opponent of the deal, which still needs to be approved by the European Parliament and by a qualified majority among EU countries, meaning 15 of 27 members representing 65% of the EU population.

"(The deal) is still not acceptable. There is no ambiguity about France's position, as we speak," Maud Bregeon told reporters after the weekly cabinet meeting chaired by President Emmanuel Macron.

France expects the European Commission to present measures on so-called mirror clauses for agricultural imports "at the earliest opportunity," she said.

France wants guarantees there will be "safeguard" mechanisms that would allow the blocking of imports when a European industry is "destabilized" and that controls are set up to ensure Mercosur products meet EU norms, Bregeon added.

French President Emmanuel Macron last month said the Commission had moved in the right direction though it was not enough.

French Agriculture Minister Annie Genevard has said that France had not secured a blocking minority against the deal with other member states.

The Commission and proponents such as Germany and Spain say the Mercosur deal offers a way to offset the loss of trade due to tariffs imposed by U.S. President Donald Trump and to reduce reliance on China.

France, the EU's largest beef producer and other farming heavyweights such as Poland, have expressed their opposition as they fear competition from Argentina and Brazil's productive farmers.

(Reporting by Michel Rose, writing by Inti Landauro, editing by Alexandra Hudson)

Key Takeaways

  • France opposes the current EU-Mercosur trade deal.
  • The deal needs approval from the European Parliament.
  • France demands safeguards for agricultural imports.
  • The deal aims to offset trade losses from U.S. tariffs.
  • France is the EU's largest beef producer.

Frequently Asked Questions

What are agricultural imports?
Agricultural imports refer to products that are brought into a country from abroad for sale, including crops, livestock, and processed food items.
What is the European Commission?
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
What is the role of the European Parliament?
The European Parliament is the directly elected legislative body of the European Union, responsible for debating and passing European laws, including trade agreements.
What is a safeguard mechanism?
A safeguard mechanism is a policy tool that allows a country to temporarily restrict imports of a product to protect its domestic industry from sudden surges in foreign competition.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category