The Mudcat Café TM
Thread #166502 Message #4004114
Posted By: The Sandman
11-Aug-19 - 08:34 AM
Thread Name: BS: mercusco agreement and brexit
Subject: RE: BS: mercusco agreement and brexit
The EU has concluded a trade agreement with the four founding members of Mercosur (Argentina, Brazil, Paraguay, and Uruguay) as part of a bi-regional Association Agreement.
Current trade relations between the EU and Mercosur are based on an inter-regional Framework Cooperation Agreement which entered into force from 1999.
The EU and individual Mercosur countries also have bilateral framework cooperation agreements, which also deal with trade-related matters.
The EU-Mercosur negotiations for a Trade Agreement
The EU-Mercosur negotiations started in 2000 and over the last years experienced different phases.
In May 2016, the EU and Mercosur relaunched the negotiation process, exchanged new market access offers and intensified the pace of negotiations by holding negotiation rounds and meeting at regular intervals.
The current negotiations aim at concluding an ambitious, comprehensive agreement and balanced agreement covering issues such as:
rules of origin
technical barriers to trade
sanitary and phytosanitary measures
small- and medium-sized enterprises
More information on the EU-Mercosur trade deal
Note: the figures below represent trade with the four Mercosur countries negotiating with the EU
The EU is Mercosur's number one trade and investment partner.
The EU is Mercosur's second biggest trade in goods partner, accounting for 20.1% of the bloc's total trade in 2018.
The EU's exports to the four Mercosur countries totalled €45 billion in 2018. Mercosur's exports to the EU were €42.6 billion in 2018.
Mercosur's biggest exports to the EU in 2018 were agricultural products, such as foodstuffs, beverages and tobacco (20.5%), vegetable products including soya and coffee (16.3%) and meats and other animal products (6.1%).
The EU's exports to Mercosur include machinery (28.6%), transport equipment (13.3% of total exports), chemicals and pharmaceutical products (23.6%).
The EU exported €23 billion of services to Mercosur while Mercosur exported € 11 billion of services to the EU in 2017.
The EU is the biggest foreign investor in the region, with an accumulated stock of investment that has gone up from €130 billion in 2000 to €381 billion in 2017.
Mercosur is a major investor in the EU, with stocks of €52 billion in 2017.
EU-Mercosur: Trade in goods
EU importsEU exportsBalance201620172018Years02550Billions
Date of retrieval: 17/04/2019
More statistics on Mercosur
EU and Mercosur
Mercosur was established in 1991 and encompasses Argentina, Brazil, Paraguay, Uruguay. Venezuela, which officially joined in July 2012 was suspended from membership in 2017.
In December 2012, the Protocol of Accession of Bolivia to Mercosur was signed. This protocol is pending ratification by all parliaments in Mercosur countries.
The EU has bilateral Partnership and Cooperation agreements with Argentina, Brazil, Paraguay and Uruguay.
Mercosur countries no longer benefit from the Generalised Scheme of Preferences (GSP) scheme due to their classification as high middle-income countries. However, they remain GSP-eligible countries.
Trading with Mercosur
Importing into the EU from Mercosur
Exporting from the EU to Mercosur
The EU has delegations in Argentina, Brazil, Paraguay, Uruguay and Venezuela
Mercosur official website
Sustainability impact assessment on EU-Mercosur Association Agreement N