In Germany, there is strong backing for the agreement from major political parties, including the SPD, CDU/CSU, and FDP, although the outcome may be influenced by the results of the upcoming Bundestag elections.

Carlos Castagnani, president of the Argentine Rural Confederations, has stressed the importance of reviewing the agreement's details to ensure respect for local production methods.

European Commission President Ursula von der Leyen has emphasized that the agreement promises substantial benefits for consumers and businesses, contingent upon its approval.

The formal signing of the agreement is anticipated to occur during an upcoming summit, although high-level negotiations are still ongoing and will not conclude before the end of 2024.

Chancellor Olaf Scholz has called for urgent economic reforms to address the struggles of the German economy as elections approach.

Supporters argue that in a changing global political landscape, particularly with rising tensions between the US and China, a trade deal is preferable to no deal at all.

The political climate in South America has shifted favorably in 2023, with renewed momentum for the agreement following the election of pro-market leaders in Brazil and Argentina.

The deal aims to enhance strategic trade relations, support economic growth, and open new investment opportunities while promoting sustainable practices in raw material access.

The European Commission has finalized a controversial trade agreement with the South American bloc Mercosur, which includes Argentina, Brazil, Paraguay, and Uruguay, despite significant objections from France and protests from European farmers.

However, activists have raised concerns that the sustainability chapter of the agreement lacks enforceable sanctions for environmental violations.

Despite recent progress, challenges remain, particularly from French President Emmanuel Macron and complications stemming from the recent elections in Argentina.

Von der Leyen's visit to Montevideo suggests that technical issues have been resolved, paving the way for the necessary political compromises to finalize the agreement.