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
Former ‘Dancing with the Stars’ Pro Survives Plane Crash at LaGuardia That Left 2 Pilots Dead - 2Cocaine, caffeine, painkillers consumed by sharks in Bahamas, study finds
- 3Email Promoting Instruments for Compelling Efforts
- 4'Stranger Things' Season 5: What's going on with Will Byers? That shocking Volume 1 plot twist, explained.
- 5It's been 20 years since MTV's golden couple split. These producers saw it all unravel.
- 'The best gift ever': Baby is born after the rarest of pregnancies, defying all odds
- the Wild in Style: The Reduced Portage Mustang's Bold Heritage
- Building an Individual Brand: Illustrations from Forces to be reckoned with
- Huge rotating structure of galaxies and dark matter is detected
- 'Stranger Things' made him a heartthrob. He left Hollywood anyway.
- Surging measles cases are 'fire alarm' warning that other diseases could be next
- Students were skipping my astrophysics class to play video games – so I turned the class itself into a video game
- Damaged launch pad: How long before Russia can send astronauts to the ISS again?
- The Most Compelling Innovation Advancements Somewhat recently
