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EU Kickstarts Mercosur Pact to Counter US Trade Hit

Summary by RTÉ
The European Union and South American bloc Mercosur will tomorrow implement a contentious free trade agreement that the EU in particular hopes will benefit exporters and calm ⁠critics, even if it cannot fully offset the blow from US tariffs.

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Bruno Vath Zarpellon also stressed that the agreement between Mercosur and the European Union will strengthen existing partnerships between the two countries and open up new opportunities

·Brazil
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It did so through resolutions 50/2026 and 53/2026 published today in the Official Gazette.The European bloc granted 21 quotas for different agro-industrial products of Mercosur, including meat, garlic, egg products, honey, rice, sugar, maize and sorghum; ethanol and dairy products.

·Buenos Aires, Argentina
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vbw - Vereinigung der Bayerischen Wirtschaft e. V. [Newsroom]Munich (ots) - The vbw - Vereinigung der Bayerischen Wirtschaft welcomes the provisional application of the EU-Mercosur-Agreement from 1 May 2026, but demands its swift ratification at the same time. "The decision of the EU Commission on the ... Continue reading here...Original content of: vbw - Vereinigung der Bayerischen Wirtschaft e. V., transmitted by news aktuell

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The free trade agreement between the European Union and Mercosur enters into force on May 1st, despite its environmental damage and the lack of a substantive vote by the European Parliament, laments economist Maxime Combes. This free trade agreement has been contested for 25 years. The text aims to eliminate 90% of customs duties between Europe and several South American countries: Argentina, Brazil, Paraguay, and Uruguay, as well as Bolivia as …

Brazil, the largest footwear producer in the Western Hemisphere, having produced over 847 million pairs last year, is optimistic about the entry into force, even if provisionally, of the trade agreement between Mercosur and the European Union. The trade pillar of the agreement will come into effect on May 1st, covering both blocs after the completion of internal procedures, ratification, and communication between the parties. The European bloc a…

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wochenblatt-dlv.de broke the news on Thursday, April 30, 2026.
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