Mercosur-EU Trade Agreement: why has Brazil returned to Europe’s radar?
The progress of the trade agreement between Mercosur and the European Union, which will enter into force provisionally on May 1, has put South America back on the radar of international companies and investors. Negotiated over more than two decades, the pact provides for the progressive reduction of tariffs and the strengthening of trade between the blocs, connecting a potential market of approximately 718 million people and a combined GDP exceeding US$22.4 trillion, according to data from the European Commission and the Brazilian Ministry of Foreign Affairs.
