EU Mercosur Agreement: The Leyen announces soon!

EU Mercosur Agreement: The Leyen announces soon!

Montevideo, Uruguay - Negotiations on a comprehensive free trade agreement between the European Union (EU) and the South American Confederation of Mercosur are about to be completed. EU Commission President Ursula von der Leyen announced that she is on the way to the final agreement while she is traveling to Montevideo, Uruguay. A decisive announcement is expected there on Friday as part of a Mercosur summit. In addition to Uruguay, Brazil, Argentina and Paraguay are also involved in the negotiations, such as "https://www.oe24.at/welt/mega-handelsdeal-eu-und- and-mercosur-auf-zielgeraden/615002922"> OE24 reported.

Ursula von der Leyen describes the upcoming agreement as a historical step for the trade. "The finish line for the EU Mercosur Agreement is in sight," she said via the platform X and asked for joint effort to overcome the last hurdles. The planned agreement is referred to as the largest commercial and investment partnership that has ever come about worldwide and includes a common market of around 700 million people. The possibility of abolishing tariffs and other commercial barriers is the focus of the negotiations, which is continued by the Leyen in its statement.

This approach to an agreement could have far-reaching economic consequences for both the EU and the Mercosur countries, since it could open up access to new markets and significantly strengthen trade relationships. From the Leyen it made it clear: "Let's work to cross the finish line." The negotiations that have gained intensity over several years now seem to enter into a decisive phase in terms of the economic integration of these two powerful regions, so Barron’s .