EU–Mercosur: Unlocking opportunity for businesses and consumers

Today marks a historic milestone with the signing of the EU–Mercosur Trade Agreement, creating the world’s largest trading bloc. European business, represented by more than 28 associations across a wide range of sectors, including CLEPA as a signatory, warmly welcomes this decisive step. The agreement sends a strong signal that the EU remains open and firmly committed to rules-based global trade at a time of global uncertainty.

By opening access to more than 270 million consumers and removing tariffs on over 90% of EU exports, the agreement will boost exports, investment, and supply-chain diversification. According to the European Commission’s DG TRADE, it could add €77.6 billion to EU GDP by 2040 and increase EU exports to Mercosur by 39%.

With the signature complete, swift ratification by the European Parliament is essential. After 25 years of negotiations, Europe must now move forward without delay.