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 European Commission has ignored its legal obligation to ensure that the trade agreement with the Mercosur Group of South American countries does not lead to social, economic, ecological and human rights violations,” the letter states. SAO PAULO (Reuters) – Brazilian Agriculture Minister Tereza Cristina Dias said Portugal favored early approval of the trade agreement between the European Union and south-American trade bloc Mercosur during its visit to Lisbon, according to a statement released on Monday. The ratification of the draft trade agreement between the EU and the Mercosur Free Trade Area or the Southern Common Market – which includes Brazil, Uruguay, Paraguay and Argentina – has been almost questionable since its announcement last June. The total population of the two regions means that the agreement would have a population of 780 million. [5] This is Mercosur`s largest free trade agreement since the bloc`s launch in 1991. [2] It is also the largest EU trade agreement to date on tariff reductions.

[2] Find out how the EU-Mercosur trade agreement would help small businesses that are already exporting to the world. Fearing Macron`s attitude, French and Brazilian businessmen (particularly Brazilian agricultural interests) are pushing their respective governments to ease tensions between the two countries in favour of the mercosur trade agreement with the EU. Diplomats from both countries will participate in a video conference tomorrow, Tuesday, during which they will review their bilateral agenda.