France, March 28 -- While French President Emmanuel Macron has called a proposed trade pact between the European Union and South America'sMercosurbloc a "very bad deal", analysts say it has its advantages for France.

Speaking at a business forum in Brazil this week, Macron said the deal, as it stands, did not include sufficient climate guarantees.

"There is nothing that takes into consideration the subject of biodiversity and climate- nothing," Macron said as he asked for a new deal to be forged.

The long-awaited deal between the EU and the Mercosur bloc of Brazil, Argentina, Uruguay and Paraguay would create a free-trade area of more than 750 million people. First agreed in 2019, it hasbeen on hold since then due to various European c...