spiritsEUROPE welcomes the political agreement reached on the EU-MERCOSUR Partnership Agreement and urges a swift conclusion and entry into force of the agreement to unlock its full potential and boost economic growth in both regions, including through tariff elimination and trade facilitation for spirits (see more here).
After 25 years of negotiations, a successful political agreement has been reached between the EU and four founding members of Mercosur (Argentina, Brazil, Paraguay and Uruguay). The deal is a vital step forward to unlock growth opportunities and strengthen ties between two like-minded regions. Once in force, the agreement will secure a first-mover advantage and allow both regions to reap their full benefits. For the EU spirits sector, it promises significant benefits, including tariff elimination, trade facilitation, increased regulatory cooperation and strong protection of Geographical Indications.
The agreement, once in force, will stimulate local production and job creation, facilitate trade, and provide greater choice for consumers, while establishing a robust economic partnership between the EU and Mercosur and deepening cooperation on sustainable development.
Importantly, the agreement will cement the EU’s role as a reliable partner for Mercosur to address shared global challenges, at a time when both regions face significant geopolitical challenges.
The EU-Mercosur partnership agreement can be a real game-changer. It will lead to the elimination of tariffs, reduction of trade barriers and unnecessary costs, and increase our members’ ability to trade with and invest in the Mercosur Region and to support rural communities in Europe.
spiritsEUROPE calls on policy-makers on both sides to act swiftly and secure the prompt conclusion and entry into force of the Agreement to unlock its full potential for economic growth, global leadership, and long-term partnership.
