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European 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.
136 Articles
136 Articles
The EU Commission ignores the outcry of the peasants, whistles at democratic concerns and even wipes away an ongoing lawsuit before the European Court of Justice. From May 1st, the controversial Mercosur agreement will be put into effect ice-coldly. The magic word of the Eurocrats for this scandal is: "Preliminary application". If the Eurocrats in Brussels do not get their will in a regular way, they will be tricked. Remember: Only on January 21…
The Agreement will be applied provisionally to the countries of Mercosul which have concluded their ratification procedures and notify the EU by the end of March.
EU says Mercosur free trade deal will start May 1, accounting for 25% of global GDP
A landmark free trade deal between the European Union and four South American countries will begin on May 1 after more than a quarter-century of negotiations and new global economic uncertainty unleashed by tariffs, critical mineral controls and the war in Iran.
Goods tariff cuts will come into effect on 1 May
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