The EU and Mercosur countries (Argentina, Brazil, Paraguay, and Uruguay) have signed a trade agreement to reduce tariffs for 81% of South American crop products, including apples, pears, table grapes, and dried fruits, while other products, such as citrus fruits, berries, and some vegetables, will have a gradual reduction of duties to zero over a period of four to ten years. On the other hand, EU Member States will have easier access to Latin American markets for cars and spare parts, chemicals, machinery, textiles, wines, and cheeses. While the agreement is a great opportunity for Latin American fruit and vegetable exporters, Greek and Spanish exporters are worrisome of the fact that their fruit production, exports, and prices might come to a collapse in the near future.
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