The Mercosur agreement with the European Union is being debated today

Published Dec 6, 2024

Tridge summary

European Commission President, Ursula von der Leyen, has expressed optimism about the potential job and growth opportunities that the EU-Mercosur trade agreement could bring to Europe, citing tariff reductions, simplified procedures, and access to public contracts as benefits. Despite opposition from France and Italy, the presidents of the Mercosur member countries are planning to move forward with the agreement, which would create a market of 700 million people, the largest trade and investment association in the world. Von der Leyen highlighted the strategic importance of Uruguay in Mercosur and the positive impact of European companies like Katoen Natie and UPM Global on the Uruguayan economy.

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Original content

According to her, the treaty will bring "many more opportunities for employment and growth" for Europe. In the framework of the second day of the Mercosur Summit, Von der Leyen visited the port of Montevideo, where she met with representatives of European companies. "I had the opportunity to listen to their opinions. For them, the commercial advantages of the agreement are very clear," she said on her social networks, listing benefits such as tariff reductions, simplified procedures and access to public contracts. The official also underlined the strategic importance of Uruguay as a "key center" for trade and investment in Mercosur. During her visit, she toured facilities of European companies such as Katoen Natie and UPM Global, highlighting the positive impact on the Uruguayan economy. The EU-Mercosur agreement, which would involve a market of 700 million people, faces opposition from France and Italy, who consider it harmful to their agricultural sectors. However, the ...

Source: Chacra Magazine