EU lawmakers vote to hold up Mercosur trade agreement over legal concerns
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EU lawmakers voted on Wednesday in Strasbourg, France, to delay ratifying the EU-Mercosur trade agreement due to legal concerns. The vote, with 334 in favor and 324 against, will send the agreement to the European Court of Justice for review to ensure its compliance with EU treaties. The assembly cannot vote on the pact until the court rules, a process that could take months. The EU-Mercosur agreement, signed into effect on Saturday after 25 years of development, aims to strengthen commercial ties amid rising global protectionism. European Commission President Ursula von der Leyen championed the deal as a way to increase the EU's global independence through more trading partners.
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