EU-Mercosur agreement: time to get it done

3 December 2024 - This week will be critical for the EU-Mercosur agreement as negotiations are approaching the endgame, with a possible political conclusion later in the week at the Mercosur Summit.

Commenting on the EU-Mercosur agreement, BusinessEurope Director General Markus J. Beyrer said: 

"In the current geopolitical and economic context, getting the EU-Mercosur agreement over the line is more important than ever. By creating a market of 700 million consumers, the agreement will open new growth opportunities for European companies that are confronted with fierce competition.

It will also improve our economic resilience and competitiveness through the diversification of imports and exports, along with allowing the EU to create strategic partnerships with one of the most important and fast-growing regions in the world in areas ranging from critical raw materials to digital trade.

This crucial agreement has been a long time in the making – now is the time to get it done."