Lies: "Niedersächsische Wirtschaft braucht Mercosur" - EU-Mercosur trade deal finally agreed after 25 years of negotiations
The EU-Mercosur trade deal has finally been agreed after over 25 years of talks. The agreement, signed on Saturday, will create a vast free trade zone between the EU and four South American countries. Lower Saxony’s Minister-President Olaf Lies has now urged quick action on the deal, criticising delays from the European Parliament.
The pact covers Brazil, Argentina, Paraguay, and Uruguay, aiming to cut tariffs and trade barriers for goods and services. If fully implemented, it would form one of the world’s largest free trade areas.
Olaf Lies has spoken out strongly in favour of the agreement. He argued that the EU needs unity and dependable trade partners in today’s unstable geopolitical climate. For Lower Saxony, he stressed, the deal is vital for economic growth. However, the European Parliament recently referred the agreement to the Court of Justice of the European Union for review. Lies criticised this move, calling it a sign of hesitation and division. He also raised concerns about the lack of a clear timetable for the court’s decision. Despite his support, Lies has not publicly outlined specific demands to the EU Commission for speeding up the process.
The deal now faces legal scrutiny before it can take effect. Lies has made clear that delays could harm economic opportunities for regions like Lower Saxony. The outcome of the court review will determine the next steps for the trade agreement.
