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- Mercosur
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The European Union and four Mercosur countries – Argentina, Brazil, Paraguay and Uruguay – reached a political agreement on 6 December 2024 for a ground-breaking partnership agreement.
- Press release - EU and Mercosur reach political agreement on groundbreaking partnership
- Questions and answers
- The EU-Mercosur partnership agreement - In brief
The EU is Mercosur's number one trade and investment partner. EU exports to Mercosur were €56 billion in goods in 2023 and €28 billion in services in 2022.
The EU is the biggest foreign investor in Mercosur with a stock of €340 billion in 2021. While the relationship is very substantial both exporters and potential investors face barriers in Mercosur markets.
The goal of the new EU-Mercosur trade deal is to:
- Increase bilateral trade and investment, and lower tariff and non-tariff trade barriers, notably for small and medium sized enterprises
- Create more stable and predictable rules for trade and investment through better and stronger rules, e.g. in the area of intellectual property rights (including geographical indications), food safety standards, competition and good regulatory practices
- Promote joint values such as sustainable development, by strengthening worker’s rights, fight climate change, increase environmental protection, encourage companies to act responsibly, and uphold high food safety standards
The agreement represents a win-win for both the EU and Mercosur, creating opportunities for growth, jobs and sustainable development on both sides.
About the agreement
Round reports, EU proposals and impact assessments
Find out more about the EU-Mercosur agreement.
Read the different sections of the agreement.
The EU-Mercosur partnership agreement explained in plain English.
EU-Mercosur Trade in your town
Towns and cities across the EU export to Mercosur. Here's just a sample.
The company sees growing demand for its types of beer in South America, and especially in Argentina, and would like to launch exports there. A trade agreement between the EU and Mercosur would open up a whole new market, where similar tastes in beer are found on both sides of the Atlantic.
Latest news
Today, the EU and four Mercosur countries finalised negotiations for an EU-Mercosur partnership agreement.
The EU and Mercosur are engaged in constructive discussions with a view to finalising the pending issues within the Association Agreement.
Joint communiqué of the European Union and Mercosur.