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Court Review Threatens to Delay Long-Awaited EU-Mercosur Trade Agreement
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International Business Times
Last week, European lawmakers gathered in the French city of Strasbourg, the EU Parliament headquarters, and voted to request that the European Court of Justice (ECJ) analyze the EU-Mercosur agreement and make sure it's in line with European Union norms.
The deal, which was signed by both parties — EU and Mercosur — on January 17 in Asunción, Paraguay, will now await the Court's review before the EU Parliament can officially sign the deal into law.
If no inconsistencies are found in the arrangement, the treaty will be voted on by the European Parliament.
The court must decide "whether the legal basis of the EU-Mercosur agreement respects the legal basis of the European Union in comparison with the interim trade agreement of the European Union," and that "in reality, in practice the agreement is stalled."
Farmers rolled out over 300 tractors into the streets of Paris on January 13 in protest of the deal, fearing that the EU-Mercosur deal could impact their domestic markets.