US EditionEuropean Union Says Mercosur Free Trade Deal Will Start May 1, Linking 700 Million People
The deal removes tariffs on over 90% of trade between the EU and Mercosur, linking 700 million people and covering 25–30% of global GDP, despite ongoing legal challenges.
- On Monday, the European Commission announced that the EU-Mercosur free trade agreement will provisionally apply starting May 1, after Brussels received a "note verbale" from Paraguay confirming its ratification.
- Paraguay's ratification last week completed the Mercosur approval process, though the European Union previously faced internal friction when France and Germany split over agricultural competition concerns.
- Linking more than 700 million consumers, the deal accounts for 25% of global GDP and eliminates tariffs on more than 90% of trade, favoring European exports of cars, wine, and cheese.
- Trade under the pact begins in May, though the European Court of Justice could still invalidate the agreement; EU trade chief Maros Sefcovic said it demonstrates the bloc's "credibility as a major trading partner."
- Full implementation remains subject to a final green light from the European Parliament, which previously referred the agreement to the EU's top court, signaling continued legislative scrutiny.
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The European Union has given a very significant boost this Monday in its search for new agreements and trading partners, alternatives to the United States and Donald Trump.
After the European Union (EU) formally notified the Mercosur countries that the trade agreement between the two blocs will begin to apply provisionally from 1 May 2026, once the necessary administrative steps have been completed, on social networks the Government and the Argentine Rural Society (SRA) welcomed the decision. For the ruralist entity, it is essential that this process be accompanied by “internal policies that improve competitiveness…
The President of the European Commission, Ursula von der Leyen, is currently visiting Australia in search of new free trade partnerships. At the same time, the European Commission has announced that the trade agreement between the European Union and the Latin American Mercosur countries will be applied provisionally from 1 May, while justice still has to rule on the legality of this free trade treaty.
The provisional application of the agreement, despite France's protests, will allow the immediate abolition of certain customs duties. The agreement will concern the Mercosur countries which have completed their ratification procedures and notified the EU before the end of March. The final application of the text remains suspended to a decision of the EU Court of Justice within a year and a half. - Mercosur: the defied treaty provisionally appli…
Companies in Germany and other EU countries will soon be able to take advantage of a new free trade agreement - even before the official entry into force.
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