International trade
EU proposes January delay for Mercosur deal amid French and Italian opposition
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Following France's demand to halt the signing, the EU has proposed postponing its long-negotiated trade pact with Mercosur until early January 2025 to overcome opposition from France and newly reluctant Italy. New safeguards aim to protect European farmers, amid protests and support for diversifying trade.
Gustavo Lenis, president of Fabricato, stated at Colombiatex that the company will continue its operations in Ecuador and the United States, despite adjustments to its production structure, including the closure of its traditional spinning mill.
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The Arctic shipping route is essential to safeguard China’s development over the next decade, a senior Chinese official said at a Beijing forum. He warned that traditional trade lanes through the Strait of Malacca, Red Sea and Suez Canal could be disrupted during a major international crisis. China must prioritize expanding its practical use.