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Austria's Bank Chief Pushes for EU-Mercosur Trade Deal Reassessment

12/29/2025

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Summary

Story summary

Martin Kocher, Austria's central bank chief, urged Austria to reevaluate its stance on the European Union–Mercosur trade deal (EU-Mercosur) to support the economy.
He said the 2019 resolution is outdated as the current pact includes protections for farmers.
The EU-Mercosur accord with Argentina, Brazil, Paraguay, and Uruguay was finalized last December, which requires approval by 15 EU member states representing 65% of the population.

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Story summary

Martin Kocher, Austria's central bank chief, urged Austria to reevaluate its stance on the European Union–Mercosur trade deal (EU-Mercosur) to support the economy.
He said the 2019 resolution is outdated as the current pact includes protections for farmers.
The EU-Mercosur accord with Argentina, Brazil, Paraguay, and Uruguay was finalized last December, which requires approval by 15 EU member states representing 65% of the population.