How the agreement with Mercosur affects the EU potato market

Published 2024년 12월 12일

Tridge summary

The EU has reached a agreement with Mercosur (Argentina, Brazil, Uruguay, Paraguay and Bolivia) to reduce tariff barriers in agricultural production over the next seven years. The trade balance is currently in favor of South American countries, with EU exports valued at 223.6 million euros in 2023 and imports at 959.6 million. The agreement may have implications for Spanish and European agriculture, particularly the potato industry. Tariff elimination will be phased over a period of three to seven years, depending on the tariff rates.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The EU has reached an agreement to reduce tariff barriers with Mercosur (the entity that groups Argentina, Brazil, Uruguay, Paraguay and Bolivia) in relation to agricultural production for a period of seven years. The agreement has put the swords high within the production sector, given that the trade balance is very favorable to the countries of South America, if we stick to agricultural production: in 2023, EU exports to Mercosur stood at 223.6 million euros, while imports amounted to 959.6 million. Alfonso Sáenz de Cámara, president of the FEPEX Potato Committee, highlights that there is currently no trade in fresh potatoes with South America, so "I understand that the agreement does not affect trade in fresh potatoes between the two hemispheres." A different thing is that the agreement may have effects on Spanish and European agriculture in relation to potatoes for industry, which will be frozen or transformed. “This is a sector that is reaching a very important volume ...

Source: Campocyl