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21 Nov 2019  |  Latin America

Preliminary Analysis of the MERCOSUR and European Union Agreement, 2019

The World’s Biggest Agreement between Economic Blocs to Boost Trade in Goods and Services with the European Automotive Sector Enjoying a Tax Reduction on Exports to MERCOSUR from 35% to 0%

During the last 20 years, the European Union (EU) and MERCOSUR have been discussing and developing a trade agreement to boost the economies of both blocs. After final approval, this may be the world’s biggest agreement between economic blocs and will have a positive impact on trade of goods and services. Ministries suggest that the agreement will...

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