Trade Agreement Europe Mercosur

This in turn will help them become more competitive. Mercosur countries want to be less dependent on commodity exports and diversify their economies by producing high-quality goods and services. The agreement will help them do that. The agreement came after twenty years of negotiations. Talks began in 1999[2], but stagnated before regaining momentum in 2016. [4] The talks had failed for years due to opposition from European beef producers, especially small farmers, who feared being underestimated by imports from Brazil, the world`s largest beef producer. [5] Many South American governments at that time preferred “South-South cooperation” to building relations with Europe, while European governments also had other priorities. [6] On 10 November 27, 2017, MERCOSUR Foreign Ministers met with the Vice-President of the European Commission, to whom they presented a comprehensive proposal aimed at achieving the Mercosur Agreement between the European Union. Negotiations will continue in 2018. Negotiations continued from 11 to 15 March 2019 in Buenos Aires, Argentina. On 28 June 2019, MERCOSUR and the EU agree in Brussels, Belgium, on a comprehensive trade agreement. The agreement will cover several aspects of sustainable agriculture: cooperation only applies to EU trade or investment legislation. It will not contain the legislation of the EU Member States.

Even without reopening the text of the agreement, “there are some issues that we need to resolve that we can resolve,” Altmaier said after a meeting of EU trade ministers in Berlin. Both the EU and Mercosur have strict laws to protect workers` rights. They agreed that the trade agreement between them should support existing duties and not reduce or dilute them. . . .