Political Agreement Mercosur

As with all EU trade agreements, the Mercosur agreement will not change EU standards, including food standards, agricultural products and fisheries products. European standards are non-negotiable. Once the discussions are completed within the EU and the text of the agreement is finalised, the text of the agreement will be published on the European Commission`s website, and so will the agreement: the agreement will allow European companies to apply for government contracts in Mercosur countries, on the same level as local businesses. The agreement will allow EU companies to launch a tender in three ways. First, it prevents Mercosur governments from discriminating against EU suppliers. Second, the tendering process becomes more transparent. Each Mercosur country has agreed to publish the notices online in a national one-stop shop for purchases covered by the agreement. Third, the agreement also sets standards for fairness throughout the contracting process as well as remedial action for bidders who feel unfairly treated. The agreement, which was negotiated last year but has not yet been ratified, is the EU`s most lucrative trade deal to date – it would be the world`s largest trade deal in terms of tariff savings and would give EU industry a lead over South America`s highly protected markets. The scope of the agreement is very broad. [9] In addition to tariffs, it includes rules of origin, trade aid, health and plant health measures (SPS), technical barriers to trade (OTC), services and investment liberalization, competition policy, subsidies, state-owned enterprises (SOEs), trade and sustainable development.

It also includes better access to public procurement and intellectual property rights, including „geographic indications” or protection of regional food specialties. [2] Legal safeguards are in place to protect 357 European food and beverage products from counterfeiting, including Prosciutto di Parma and Herve Cheese. [3] Customs procedures will also be simplified as part of the agreement. [7] The agreement will reduce and eliminate discrimination and expand opportunities for service providers and investors in the EU and Mercosur. Find out how the EU-Mercosur trade agreement would help small businesses that are already exporting around the world. As part of the agreement, the EU and Mercosur are committed to effectively implementing the UN Framework Convention on Climate Change and the Paris Agreement on Climate Change. This agreement represents a win-win situation for both the EU and Mercosur and creates opportunities for growth, employment and sustainable development on both sides. Other aspects also need to be reviewed and the agreement, which has more than 7,000 pages, still needs to be translated into all EU languages so that it can then be approved by national parliaments, Rivas said. Negotiations began on 28 June 1999. After the suspension of the talks, negotiations resumed in 2010. The long-standing negotiations gave new impetus in 2016, when the EU and Mercosur each submitted new offers to reduce tariffs. On 28 June 2019, the European Union and Mercosur reached a political agreement on an ambitious, balanced and comprehensive trade agreement.

The new trade framework, part of a broader association agreement between the two regions, will strengthen a strategic political and economic partnership. „The work we have done during the temporary presidency has paved the way for us to translate this agreement as soon as possible (…) [After that, we can] continue with the signature.

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