Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Customs & Trade

        EU lawmakers vote to block Mercosur trade agreement over legal concerns

        January 21, 2026

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        Brussels, Jan 21 (AP) European Union lawmakers on Wednesday voted to block a major free trade agreement with the Mercosur group of South American countries over concerns about the legality of the deal.

        In a vote in Strasbourg, France, the lawmakers narrowly approved sending the EU-Mercosur agreement to Europe's top court to rule on whether it is in line with the bloc's treaties. The lawmakers voted 334 votes in favour to 324 against, with 11 abstentions.

        Twenty-five years in the making, the long-sought-after free trade agreement was just signed into effect to great fanfare on Saturday. It aimed to strengthen commercial ties in the face of rising protectionism and trade tensions around the world.

        Supported by South America's cattle-raising countries and European industrial interests, the accord is aimed at gradually eliminating more than 90% of tariffs on goods ranging from Argentine beef to German cars, creating one of the world's largest free trade zones and making shopping cheaper for more than 700 million consumers.

        France, Europe's major agricultural producer, wanted stronger protections for farmers and has sought to delay the pact.

        The European Commission said that it regrets the parliament's decision. The assembly cannot vote to approve the pact until the European Court of Justice has ruled, and this could take months.

        However, the EU's powerful executive branch can provisionally apply the deal until then. EU leaders are expected to discuss the way ahead at an emergency summit focused on transatlantic relations on Thursday.

        In a post on social media, German Chancellor Friedrich Merz described the EU parliament's decision as “regrettable.” “It misjudges the geopolitical situation. We are convinced of the legality of the agreement. No further delays. The agreement must now be applied provisionally,” Merz wrote.

        Ratification is considered all but guaranteed in South America, where the agreement has broad support.

        Mercosur consists of the region's two biggest economies, Argentina and Brazil, as well as Paraguay and Uruguay. Bolivia, the bloc's newest member, is not included the trade deal but could join in the coming years. Venezuela has been suspended from the bloc and isn't included in the agreement. (AP) SKS SKS

        EU Mercosur trade agreement referred to top court over legality; provisional application may proceed pending ruling. Lawmakers referred the signed EU Mercosur free trade agreement to the European Court of Justice to assess treaty compatibility, delaying parliamentary approval pending the Court's ruling while the European Commission may proceed with provisional application; political objections emphasised agricultural protections and the pact envisages phased elimination of over 90% of tariffs between the EU and Mercosur members.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                EU Mercosur trade agreement referred to top court over legality; provisional application may proceed pending ruling.

                                Lawmakers referred the signed EU Mercosur free trade agreement to the European Court of Justice to assess treaty compatibility, delaying parliamentary approval pending the Court's ruling while the European Commission may proceed with provisional application; political objections emphasised agricultural protections and the pact envisages phased elimination of over 90% of tariffs between the EU and Mercosur members.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found