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The new trade framework - part of a wider Association Agreement between the two regions – 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 full press release here.
Discover the key elements of the EU-Mercosur trade agreement here.
EU-Mercosur trade agreement:
Both sides will now perform a legal revision of the agreed text to come up with the final version of the Association Agreement and all its trade aspects. The European Commission will then translate it into all official EU languages and submit the Association Agreement to EU Member States and the European Parliament for approval.