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EU will lose face if it rejects Mercosur deal, warns trade commissioner

Maroš Šefčovič says bloc must not delay vote on pact with Argentina, Brazil, Paraguay and Uruguay

The EU would lose global credibility if it fails to approve its trade deal with the Mercosur group of South American countries this week, the bloc’s top trade official said.

Maroš Šefčovič, EU trade commissioner, said delaying an approval vote this week could sink the deal with Argentina, Brazil, Paraguay and Uruguay — the biggest ever concluded by the European bloc.

French Prime Minister Sébastien Lecornu on Sunday called for the postponement, saying safeguards put forward by Brussels to protect farmers from a surge in food imports, particularly of cheap chicken and beef, were “still incomplete”.

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