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  • 5 weeks ago
All eyes on Italy as Mercosur deal hangs in the balance

Rome is torn between protecting farmers and maintaining exports to Mercosur countries. But supporters of the Mercosur agreement fear its silence signals Italy may not be on board.

READ MORE : http://www.euronews.com/2025/12/15/all-eyes-on-italy-as-mercosur-deal-hangs-in-the-balance

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Transcript
00:00Mercosur is a South American trade bloc comprised of Argentina, Brazil, Paraguay and Uruguay.
00:07The agreement with the EU will create a market of 780 million consumers, representing 25%
00:16of world trade.
00:17Many European products now pay high export tariffs to the Mercosur bloc, such as cars
00:25wine and spirits up to 35%, cheese 28%, machinery up to 20%.
00:33With the deal, those tariffs will be eliminated or significantly reduced.
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