French Farmers Threaten Protest Over EU-Mercosur Trade Deal, Demand Better Terms

November 21, 2024
French Farmers Threaten Protest Over EU-Mercosur Trade Deal, Demand Better Terms
  • Farmers in France are mobilizing against the EU's proposed free trade agreement with Mercosur countries, planning to block food freight starting November 20 if their demands are not met.

  • These long-term loans will be backed by a public guarantee from Bpifrance and are designed for farmers with high debt ratios.

  • The trade agreement includes a safeguard clause to manage sudden import surges, but its vague conditions may complicate enforcement.

  • Despite the government's recent aid announcements, unions are pushing for a budget vote that includes more favorable measures for farmers.

  • While the agreement is expected to lower prices for consumers in both regions, farmers are concerned about its potential impact on their livelihoods.

  • The Coordination Rurale union is leading the charge, expressing pride in their unprecedented mobilization efforts.

  • Interest rates for these loans will be capped at 1.75% for the first two years and 2.35% for three years, supported by a collaboration between the state and banks.

  • However, the government has emphasized that protests must be conducted legally and with respect for public and private property.

  • Minister Annie Genevard highlighted the importance of government measures to help farmers avoid financial disaster, although the financial implications remain unspecified.

  • To support farmers, the government is introducing two types of loans: one for immediate challenges, offering up to €50,000 for those facing significant revenue drops, and another for long-term structural issues, providing loans up to €200,000.

  • Government spokesperson Maud Bregeon has voiced support for a parliamentary debate aimed at strengthening the government's position against the trade deal.

  • As protests continue, authorities have noted a decrease in nationwide mobilization, suggesting a potential waning of farmer unrest.

Summary based on 133 sources


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