Scholz's Plan for Rapid Implementation of the EU-Mercosur Agreement

German Chancellor Olaf Scholz announced a key plan on Monday during a Frankfurt speech to implement a trade agreement between the European Union and South American Mercosur members. While opponents in the European Parliament are planning legal review, Scholz clearly stated that the deal will be pushed through. According to his statement, the agreement will come into effect immediately after it is approved by the first South American country.

This approach by the German chancellor signals the EU's decisive stance towards finalizing the trade package without delay, despite ongoing legislative considerations regarding procedural objections.