AIRLINK 189.36 Increased By ▲ 1.33 (0.71%)
BOP 11.10 Decreased By ▼ -0.76 (-6.41%)
CNERGY 7.28 Decreased By ▼ -0.26 (-3.45%)
FCCL 36.65 Decreased By ▼ -1.14 (-3.02%)
FFL 14.95 Decreased By ▼ -0.29 (-1.9%)
FLYNG 26.19 Increased By ▲ 0.66 (2.59%)
HUBC 130.89 Increased By ▲ 0.74 (0.57%)
HUMNL 13.47 Decreased By ▼ -0.14 (-1.03%)
KEL 4.28 Decreased By ▼ -0.07 (-1.61%)
KOSM 6.08 Decreased By ▼ -0.09 (-1.46%)
MLCF 45.94 Increased By ▲ 0.26 (0.57%)
OGDC 201.86 Decreased By ▼ -4.57 (-2.21%)
PACE 6.12 Decreased By ▼ -0.26 (-4.08%)
PAEL 38.36 Decreased By ▼ -1.95 (-4.84%)
PIAHCLA 16.73 Decreased By ▼ -0.22 (-1.3%)
PIBTL 7.94 Decreased By ▼ -0.09 (-1.12%)
POWER 9.86 Decreased By ▼ -0.17 (-1.69%)
PPL 173.46 Decreased By ▼ -5.38 (-3.01%)
PRL 34.73 Decreased By ▼ -1.63 (-4.48%)
PTC 23.95 Decreased By ▼ -0.44 (-1.8%)
SEARL 101.74 Decreased By ▼ -1.42 (-1.38%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 32.70 Decreased By ▼ -3.54 (-9.77%)
SYM 17.93 Decreased By ▼ -0.30 (-1.65%)
TELE 8.14 Decreased By ▼ -0.24 (-2.86%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.40 Increased By ▲ 0.07 (0.1%)
WAVESAPP 11.80 Decreased By ▼ -0.21 (-1.75%)
WTL 1.52 Decreased By ▼ -0.05 (-3.18%)
YOUW 3.90 Increased By ▲ 0.01 (0.26%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

DUBLIN: Ireland's parliament voted on Thursday to press the government to lead opposition inside the European Union to a draft trade deal that Brussels has struck with the Mercosur bloc of South American countries.

The EU two weeks ago became the first major partner with which Mercosur has struck a trade pact. Mercosur committed to more open markets in the face of a rising tide of protectionism and offered EU firms a potential head start.

Ireland, as one of the smaller members of the 28-member EU, would need other member states to help form a blocking minority if it sought to reject the deal, as ratification will eventually be put to a qualified majority vote.

So far the Mercosur deal, which has the potential to boost South American beef exports into the EU, has also drawn resistance from France, home to the EU's largest farming sector.

Irish lawmakers defeated a government amendment by an almost two-to-one margin that it should complete an independent assessment of the draft deal before deciding whether to back it.

The amendment was put down to counter an opposition motion calling on government to use "all legal and political means available to frustrate and thwart" the draft deal that has faced a backlash from Irish farmers and politicians.

Prime Minister Leo Varadkar's minority government routinely loses such non-binding votes but the defeat highlighted the pressure it is under, a day after hundreds of beef farmers marched on parliament outlining their opposition to a deal they say would decimate their industry in Ireland.

Organisers, already under strain due to Brexit, said they would target rural politicians who do not support their goals in Ireland's next parliamentary election, due by early 2021.

Varadkar has said the government would vote against the deal if an assessment shows the risks outweighed the benefits.

Copyright Reuters, 2019

Comments

Comments are closed.