-
South Korean stocks plunge as tech rout deepens, oil rises
-
Chawinga sisters sparkle as Malawi stun WAFCON holders Nigeria
-
On London streets, homeless wary at PM's vow to end rough sleeping
-
India's youth protests puncture Modi's aura of invincibility
-
Bangladesh ex-premier Hasina vows to return despite fearing for life
-
UBS says second-quarter net profit up 17% to $2.8 billion
-
Senate confirms Clayton as Trump intelligence chief
-
Hong Kong independent bookstores to close after police raid
-
South Korean stocks collapse amid Asian tech rout
-
US, Saudi forces strike Iran-backed groups in Iraq
-
Search for survivors after powerful Japan quake kills 13
-
Crude jumps on fresh Mideast flare-up, tech rout deepens
-
Shelton fends off Damm at Washington as veteran Venus ousted
-
Japan coral protectors race to save reefs from heat 'bomb'
-
Indian hockey back on 'road to gold' after years in the wilderness
-
US Fed expected to hold rates steady as inflation hawks circle
-
Rescuers search for survivors after powerful Japan quake kills 13
-
SK hynix posts 1,200% net profit boost on AI chip boom
-
Five dead after powerful Japan quake, others missing
-
'Very hungry' Joao Pedro impresses new Chelsea manager Alonso
-
Senate advances sweeping Russia sanctions bill
-
US government bans humanoid robots manufactured abroad
-
Two dead in shopping mall hit by Japan quake
-
Eseme, Hobbs shine in Glasgow rain to win 100m Commonwealth gold
-
UN sounds alarm on politicisation of refugees and asylum
-
Netanyahu holds first White House talks with Trump since Iran war began
-
Aussie teen Hewitt wins first ATP match in Washington where dad won title
-
Warriors re-sign Green after LeBron James shun
-
New Zealand's Hobbs surges to women's 100m Commonwealth gold
-
Cameroon's Eseme storms to 100m Commonwealth gold
-
West Indies beat Pakistan by 90 runs in first Test
-
AIDS activists slam 'pharma greed' over breakthrough drug
-
UN sounds warning as refugee convention turns 75
-
France needs more Canadair water bombers but building them is painfully slow
-
Keiko Fujimori becomes Peru's ninth president in a decade
-
In devastated south Lebanon village, residents count on army deployment
-
Jalen Carter signs record $152m extension with Eagles
-
Keiko Fujimori sworn in as president of Peru
-
AI glasses help propel EssilorLuxottica sales growth
-
GSJJ Launches ESG-Certified Custom Challenge Coins and Pin Badges
-
Many feared trapped in quake-hit Japan mall
-
Airbus completes record 24-hour flight with plane to be used by Qantas
-
Kering sales begin to recover as Gucci improves
-
FIFA says it hopes to sell $4.2bn stake in its tournaments
-
Netanyahu visits White House for first Trump talks during Iran war
-
Zelensky hails 'good' Trump talks on Patriot air defenses
-
France pressures Suriname as illegal mining plagues border
-
Spain allows wildfire evacuees to return but France fears flames spreading
-
Cucurella keeps De la Fuente tattoo pledge after Spain World Cup win
-
'Not out of danger': Residents return to scorched French village
Argentina, Brazil take aim at EU's environmental trade deal conditions
Argentina and Brazil, South America's largest economies, took aim Tuesday at an "unacceptable" EU stance in negotiations with the Mercosur bloc for a free trade deal long delayed due to stated European environmental concerns.
Mercosur countries Argentina, Brazil, Paraguay and Uruguay reached an agreement in principle with the 27-member European Union in 2019 after two decades of tough negotiations.
The EU has since proposed a "side letter" to the agreement with extra environmental requirements, rankling South American leaders who suspect protectionism was at work.
At a two-day summit in Puerto Iguazu, Argentina, Tuesday, Mercosur leaders hit back.
The latest proposal, said Brazil's Luiz Inacio Lula da Silva, "is unacceptable."
"Strategic partners do not negotiate on the basis of distrust and the threat of sanctions," he told the meeting.
"We are not interested in agreements that condemn us to forever be exporters of raw materials, mineral products and oil."
Argentine president Alberto Fernandez echoed this point, saying: "No one can condemn us to be suppliers of the raw materials that others industrialize and then sell to us at exorbitant prices."
Fernandez added the EU "presents us with a partial vision of sustainable development, focused excessively on the environmental" aspect.
Tuesday's heads of state meeting, following a gathering of ministers Monday, was also attended by the presidents of Uruguay and Paraguay Luis Lacalle Pou and Mario Abdo Benitez.
Also present was Luis Arce, the leader of Bolivia, which hopes to become a member of the Mercosur trade bloc.
- Counter-proposal -
The grouping, founded in 1991, represents 62 percent of South America's population and 67 percent of the continent's gross domestic product.
Its trade deal with the EU became held up under the 2019-2022 presidency of Lula's far-right predecessor Jair Bolsonaro, on whose watch Amazon deforestation surged.
While veteran leftist Lula has cast himself as the anti-Bolsonaro on environmental policy, he told European Commission head Ursula von der Leyen in June he had concerns over the additional environmental guarantees.
"No one in the world has the moral authority to discuss with us the issue of clean energy," Lula said in an interview with Brazilian public television shortly before the Tuesday's meeting.
The EU's top diplomat, Josep Borrell, acknowledged recently that the environmental proposals were not well received by the South American countries and said Europe was awaiting a concrete response.
Lula said his government was preparing a counter-proposal to take to Brussels, hosting a summit of the EU and the Community of Latin American and Caribbean States (CELAC) on July 17 and 18.
"It is imperative that Mercosur presents a rapid and forceful response," said Lula, who is taking over Mercosur's rotating presidency until the end of the year.
I.Meyer--BTB