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In the secret room of the 27 EU countries, the vote of the century will change the global trade situation.
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: In the secret room of the 27 EU countries, the vote of the century on global trade changes". Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - The European Union plans to push for the final signing of the agreement with the Southern www.xm-forex.common Market (Mercosur) before Christmas. The Southern www.xm-forex.common Market (Mercado www.xm-forex.común del Sur, Mercosur for short) is the most influential regional economic integration organization in South America. It was established on March 26, 1991 and is headquartered in Montevideo, Uruguay. Its core goal is to promote the free flow of goods, services, capital and people among member countries by eliminating trade barriers and coordinating economic policies, thereby promoting regional economic development and social integration. Mercosur accounts for 70% of South America's population and 65% of its GDP, making it the fifth largest economy in the world (based on purchasing power parity). As a resource export-oriented (bloc) regional collaboration organization, it plays a key role in the global food and energy markets and shapes the paradigm of South-South cooperation through multilateral trade agreements. Despite the dual pressures of internal integration and external www.xm-forex.competition, Mercosur remains the core force in Latin America to safeguard economic sovereignty and promote multipolarity. The trade is a long-distance race, but success may affect the international trade order in the next ten years. The free trade agreement negotiations between the European Union and the Southern www.xm-forex.common Market (Mercosur) are a "long-distance trade race" that lasted for 25 years: the two sides made initial contact in the 1990s, and formally launched negotiations in 1999. The negotiation initially focused on tariff reductions and exemptions for industrial products and access to agricultural products, but was suspended in 2004 due to differences in non-tariff barriers and environmental standards. It was restarted in 2010 due to the economic recovery needs of both parties. Substantial progress was made after the exchange of market access proposals in 2016, and an agreement was reached in 2019.The framework agreement was shelved due to the poor environmental protection of the Brazilian Bolsonaro government and the EU's request to add forest protection clauses; Lula promoted negotiations after returning to the Brazilian presidency in 2023. In December 2024, the two sides added a "sustainable development" chapter and set up an agricultural product guarantee mechanism (tariffs can be added when imports surge or prices fall) to resolve differences; in September 2025, the EU adopted the text of the agreement and plans to sign it on December 20, but it is still facing France and France within the EU. Opposition from countries such as Poland (worried about the impact of South American agricultural products on local agriculture), Brazil's environmental enforcement on Mercosur's side (illegal logging in the Amazon), and the risk of economic instability in Argentina. The EU's underlying motivations for promoting the agreement also include checks and balances against China and response. As long as EU governments give the green light, European www.xm-forex.commission President Ursula von der Leyen will fly to Brazil on December 20 to sign the long-awaited agreement. BRUSSELS - The European Union is aiming to finalize a major trade deal with Latin America's Mercosur before Christmas, and European www.xm-forex.commission President Ursula von der Leyen plans to fly to Brazil on December 20 to attend the official signing ceremony. But first, she needs an absolute majority of the EU's 27 member states to approve the long-awaited agreement, which will create a free trade area covering a population of 800 million when it www.xm-forex.comes into effect. Two EU officials and an EU diplomat revealed that European Council President António Costa proposed the signing date at a meeting of European leaders last Thursday. Olof Gill, deputy chief spokesman of the European www.xm-forex.commission, said: "As President von der Leyen said before, we reiterate our www.xm-forex.commitment to sign the agreement before the end of this year, but only if the relevant procedures of the European Council are www.xm-forex.completed. The core motivation for the EU to fully promote the agreement. The reason why the EU fully promotes the implementation of this agreement stems from its trade with China and the United States. Relations continue to change, which puts the bloc under urgent pressure to find new trading partners. The Southern www.xm-forex.common Market (members include Argentina, Brazil, Paraguay and Uruguay) will exempt 91% of EU imports from tariffs and relax import restrictions on passenger cars; at the same time, exports from the bloc's members (from beef to ethanol, etc.) will receive better access conditions. And then benefit from it. The specific mechanism and necessity of accelerating the approval of the agreement. Three EU diplomats revealed that in order to speed up the approval process, the trade and political sections of the agreement are expected to be voted on through a "qualified majority vote" process. This means that the agreement needs the support of 15 of the 27 EU member states, and these. The country's population needs to account for 65% of the total population of the EU. The initial expectation is that this partnership agreement needs unanimous support from member states - generally, agreements involving investment, political cooperation and other areas of member state sovereignty require unanimous approval. Two diplomats said that the final approval date for the agreement by each country's ambassadors has not yet been determined.The two diplomats spoke on condition of anonymity discussing the sensitive process, the sources agreed. There are differences among the signatories of the agreement. Brussels proposed a www.xm-forex.compromise plan to dispel the concerns of France, Poland, Italy and other countries that "the agreement will harm the interests of their own agricultural practitioners." According to the plan, the EU executive agency promises to monitor the import of sensitive www.xm-forex.commodities such as beef, poultry, and eggs; if import volumes surge or prices plummet to disrupt the local agricultural market, additional tariffs will be imposed on related www.xm-forex.commodities. This additional safeguard instrument (safeguard instrument) requires the support of both the European Council (Council of the EU) and the European Parliament (European Parliament). Bernd Lange, chairman of the European Parliament's trade www.xm-forex.committee, told EU ministers earlier this month that lawmakers would approve the safeguard mechanism regulations through simplified procedures without the need for a plenary vote. All officials and diplomats emphasized that there are still variables in the current timetable and that adjustments may be made in the future. The signing of the agreement has a negative impact on the euro. In the short term, the expectation of the signing of the agreement may promote the appreciation of the euro, but opposition from France and Poland and pressure on agricultural product imports may limit the increase; in the medium to long term, if the agreement is successfully implemented, the EU's expansion of industrial product exports to Mercosur and diversification of resource imports will enhance the economic resilience of the euro zone, but agricultural shocks and environmental disputes are still potential risks. Based on www.xm-forex.comprehensive judgment, the exchange rate of the euro against the U.S. dollar may fluctuate by 1-2% before and after the signing of the agreement in December. Thanks for the support!
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