AmCham EU congratulates the EU and Mercosur on finalising negotiations for the landmark partnership agreement between the two regions, 25 years since the negotiations started. This deal is the largest ever concluded by the EU, as well as the first trade agreement signed between Mercosur and a major trading partner. This deal will deepen economic ties, unlocking a consumer market of 284 million people for companies in Europe. The agreement will also further facilitate trade in goods and services that is already worth over €159 billion annually. Through swift ratification, both parties can deliver the economic recovery and development that is much needed on both sides of the Atlantic.
Free trade agreements like the EU-Mercosur agreement still play a key role in connecting businesses in the EU to important sources of growth and new market opportunities. These comprehensive agreements balance competition and ensure a level playing field, reinforce the resilience of supply chains, limit risk by diversifying imports and exports and increase social and sustainability standards globally.
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