The EU-Mercosur Agreement will ruin Spain's beet, beef, pork, corn, honey and poultry production

Published 2024년 11월 17일

Tridge summary

The upcoming EU-Mercosur agreement, to be discussed at the G20 summit in Brazil, could cause significant economic damage to the region, particularly in six key sectors of regional agriculture and livestock. The agreement could lead to the displacement of European farmers due to cheaper South American products, which may contain growth hormones, antibiotics, and phytosanitary products banned in the EU. The removal of tariffs could also result in the entry of products that do not comply with European production standards, including animal welfare and labour legislation. The UPA-COAG Alliance and COPA-COGECA have expressed concerns about the potential negative impact on local farms and the food safety of consumers.

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

Original content

The upcoming agreement between the European Union (EU) and the Mercosur countries (Argentina, Brazil, Uruguay, Paraguay and Bolivia), which will be discussed at the G20 summit in Brazil on 18 and 19 November, could cause serious economic damage to the region. According to the UPA-COAG Alliance, six key sectors of regional agriculture and livestock will be particularly affected. The EU-Mercosur agreement: a blow to cattle farming The Spanish cattle herd will be one of the most affected, with losses estimated at 2.7 billion euros per year, which represents a direct blow to Castilla y León, the largest producer of cattle in Spain. This impact is due to the opening of a quota of 99,000 tonnes of beef, with a reduction of the tariff to 7.5%, and the total elimination of the tariff for another 45,876 tonnes of high-quality meat after a transitional period of six years. In economic terms, Castile and Leon accounts for 20% of the total value of Spanish livestock production, which ...

Source: Agromeat