The agreement we have now reached has the strongest protections ever incorporated into a trade agreement, safeguarding essential economic sectors, consumers, and the environment.
This new partnership comes at a pivotal moment for Europe as the global landscape has become more fragmented and confrontational, requiring stronger ties with like-minded partners.
The European Union and Mercosur will create a market of 700 million people, bringing immediate benefits to European companies, particularly small and medium-sized enterprises.
Mercosur's tariffs on European products are steep, but the agreement will eliminate almost all tariffs, saving EU-exporters up to €4 billion.
#eu-mercosur-partnership #trade-agreement #economic-cooperation #tariff-reduction #environmental-protection
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