EU and Mercosur reach agreement on trade

On June 28, the signing of the trade agreement between Mercosur and the European Union (EU) marked headlines worldwide as part of a wider Association Agreement between the two regions.

The new trade framework will consolidate a strategic political and economic partnership and create significant opportunities for sustainable growth on both sides, while respecting the environment and preserving interests of EU consumers and sensitive economic sectors. Read the press release from the European Commission here.

Apex-Brasil (International Trade Development Brazilian official organism), laughed a newsletter “Brussels Connection” , which summarises the principles of the agreement with a detailed explanation of how tariff quotas should be for Mercosur, as well as a step-by-step process of EU ratification. The “Brussels Connection” covers contextualised news on the topics of the moment in the European Union and its possible impacts on trade relations with Brazil. Read it (in Portuguese) here.