The European Committee of Wine Companies (CEEV), which includes the Spanish Wine Federation, has expressed strong support for the EU-Mercosur countries agreement, which is expected to boost the long-term economic sustainability of the European wine sector by reducing tariffs and simplifying trade regulations. The agreement is anticipated to significantly increase European wine exports, particularly to Brazil, where there is rapid growth potential. In the first quarter of 2024, wine exports from European wineries to Brazil reached 2.2 million liters worth 5.3 million euros, marking over 20% growth in value both in 2023 and in the first quarter of this year.