Agricultural and food exports from Spain to Mercosur could increase by 50%

Spain exported 4,705.6 million euros in goods to Argentina, Brazil, Paraguay, and Uruguay in 2024, a figure that could grow by around 40% over the years of deployment of the agreement in the EU and Mercosur and about 50% in the case of agri-food products. Brussels has proposed a provisional pact to start applying the trade part of the agreement with Mercosur as soon as possible, an entry into force that the European Commission (EC) estimates will allow exports to the region to increase by up to 39%. Spanish goods exports could grow by 37% when the agreement has fully deployed its effects, according to the study that the Secretariat of State for Trade commissioned in 2021 to the Complutense University of Madrid. Economy Minister Carlos Cuerpo pointed out in April that the opening to Mercosur would mean an increase of up to 40 or 50% in exports of Spanish wine and olive oil, whose sales are not very significant at present, except for the 102.2 million in olive oil that Brazil buys. ...