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Gabriel Mato

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EU and Mercosur Near Historic Free Trade Agreement After 25 Years of Talks

After over 25 years of negotiations, the EU and Mercosur states are nearing a free trade agreement, with EU Commission President Ursula von der Leyen reportedly in Uruguay to finalize discussions. The deal could create a market of 700 million people, but faces opposition from some EU members concerned about its implications for stability and unity. Key concessions include significant tariff reductions on agricultural products, with the gradual elimination of 91% of customs duties on EU exports and 92% on Mercosur imports.
raiffeisen.com
United States Dollar Euro Raiffeisen Bank International AG ARG BRA URY PRY Bernd Lange Ursula von der Leyen Gabriel Mato Anna Cavazzini Show more
TradFi, News Article
09:00 02.12.2024
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