Lula Threatens Brazil's Exit from EU-Mercosur Trade Deal Amid Delays

Brazilian President Luiz Inacio Lula da Silva has issued a stark warning regarding the EU-Mercosur trade deal, threatening to withdraw Brazil from the agreement if delays continue. The ambitious deal, aimed at creating the world's largest free-trade area, faces significant opposition from countries like Italy and France, which express concerns over agricultural protections.

The situation is complicated further by dissent from Germany, Hungary, and Poland, jeopardizing the deal's approval. EU leaders, including Ursula von der Leyen, emphasize the need for swift ratification, recognizing the potential benefits for 270 million consumers.

Meanwhile, a new compromise on agricultural imports aims to address skeptics' concerns but still leaves uncertainties unresolved as protests from French farmers loom.