French Farmers Threaten Protest Over EU-Mercosur Trade Deal, Demand Better Terms
November 21, 2024Farmers 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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Sources
Yahoo News • Nov 18, 2024
Tractor-driving French farmers protest EU-Mercosur dealYahoo News • Nov 19, 2024
French farmers threaten 'chaos' over proposed EU-Mercosur dealABC News • Nov 18, 2024
French farmers mobilize for protests over EU-Mercosur trade dealAP News • Nov 18, 2024
French farmers mobilize for protests over EU-Mercosur trade deal