Twenty-six major EU trade associations call for fast Mercosur agreement
Representing a wide array of industries, twenty six of Europe's biggest trade associations have expressed full support for the swift ratification of the EU-Mercosur Partnership Agreement in a co-signed statement towards the EU's institutions. Collectively they cover a significant portion of the total trade in goods and services between the EU and the Mercosur - worth over 153 billion euros in 2024.
Calling it a "beacon in the EU’s diversification strategy" they refer to the deal as a critical route to ensure the EU’s long-term competitiveness.
These co-signatories represent a wide spectrum of European industry. They all consider the EU-Mercosur trade agreement a major opportunity for shared growth and stability.
The EU-Mercosur Free Trade Agreement (FTA) is expected to add 77.6 billion euros to the EU GDP and 9.4 billion euros to the Mercosur GDP;
This could result in a 39% increase in EU exports to Mercosur and a 17% increase in Mercosur exports to the EU; and
Support growth and prosperity for one-fifth of the global economy - benefiting about 750 million people.