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After over 25 years of negotiations, the EU and Mercosur states are nearing a free trade agreement, with EU Commission President Ursula von der Leyen reportedly in Uruguay to finalize discussions. The deal could create a market of 700 million people, but faces opposition from some EU members concerned about its implications for stability and unity. Key concessions include significant tariff reductions on agricultural products, with the gradual elimination of 91% of customs duties on EU exports and 92% on Mercosur imports.
Ursula von der Leyen is establishing a task force to implement the Draghi report, which is central to her agenda for the next five years. The initiative, termed the "competitiveness compass," aims to enhance innovation, decarbonize the economy, and boost economic independence within the EU. The task force will include officials involved in the report's creation and is expected to operate within the secretariat-general, reporting directly to von der Leyen.
Slovakia, known as "Europe's Detroit," faces significant risks from potential U.S. tariffs under President-elect Trump, as nearly 74% of its exports to the U.S. are passenger cars. The country, which has rapidly developed its automotive industry, now relies heavily on this sector, employing over 250,000 people. While European lawmakers are wary of Chinese competition, the uncertainty surrounding U.S. trade policies poses a new challenge for Slovakia's economy.
European Commission President Ursula von der Leyen is set to finalize her new team, preparing to tackle significant challenges ahead, particularly with the anticipated return of Donald Trump. This shift comes as global trade dynamics are closely monitored, highlighting the complexities of international relations.
Switzerland and the EU are nearing a negotiation conclusion, focusing on the free movement of persons, an electricity agreement, and Switzerland's cohesion contribution. The EU is considering concessions on immigration, while Switzerland seeks a predictable annual payment of 300-400 million euros, compared to Norway's 450 million. Final decisions are expected in December, with parliamentary discussions anticipated to extend into 2028.
Control of the EU's single market and industrial briefs has predominantly been held by larger member states like France, Germany, Italy, and Poland since 2004, reflecting their influence in EU lawmaking. France, in particular, has strategically positioned itself to dominate these roles, raising concerns among other nations about potential protectionism. Smaller countries often receive less influential portfolios, leading to frustrations over perceived imbalances in power within the European Commission.
The G20 summit in Rio de Janeiro is showcasing Brazil"s leadership under President Lula, who aims to address global hunger and poverty through initiatives like a special tax on the super-rich. Despite tensions, including Argentina"s opposition, the summit has seen a warm welcome from Brazil, with significant attendance from global leaders, including US President Biden and Chinese President Xi Jinping. Lula"s focus on social issues reflects a shift in the global power dynamic, as he seeks to elevate the voice of the Global South.
European farmers are protesting the EU's trade deal with Mercosur, fearing it will undercut local agriculture due to lower standards in South America. While some sectors like pigmeat and dairy may benefit, the deal's impact on beef and poultry is seen as a threat to local producers. Critics argue that the EU's push for sustainability is undermined by importing meat from deforested areas, highlighting a perceived double standard in agricultural policy.
In July 2021, over 400 workers at the GKN plant in Campi Bisenzio, Italy, were abruptly laid off, prompting a factory occupation to protest and seek government intervention. The cooperative formed from this struggle has developed a sustainable industrial plan focused on solar panel production and cargo-bikes, yet lacks political support despite having secured significant funding and demand for their products. As the government allows companies to relocate abroad, the cooperative's leaders emphasize the urgent need for public backing to revitalize local manufacturing and protect jobs.
Donald Trump's impending tariff threats loom over the U.K., prompting officials to strategize on protecting exports. While a potential trade deal exists, it may require distancing from EU agricultural standards and could risk the National Health Service's integrity. The U.K. might leverage defense spending and royal diplomacy to navigate these challenges, but agriculture and NHS access remain contentious issues.
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