The agreement is expected to result in a significant increase in Brazilian beef exports to all EU countries. [8] [14] Under the agreement, the EU will open its markets to a quota of up to 99,000 tonnes of beef per year, at a preferential rate of 7.5% inches. [5] Farmers across the EU oppose it, especially small farmers who fear being underestimated in terms of prices. [5] The COPA-COGECA union, which represents 23 million farmers in the EU, warned that the agreement “will go down in history as a very dark moment”. [5] The Irish Farmers` Association condemned the agreement as a “shameful and weak sell-off”. [15] Obstacles to the final ratification of the agreement are still present, but if the last 20 years have shown us anything, it is this obstinacy. Together, these regions account for 25% of global GDP and a common market of 780 million people — 10 per cent of the world`s population. The agreement includes new rules on tariffs, non-tariff barriers, intellectual property rights, services and government procurement. Non-responsibility clause: With regard to the Commission`s transparency policy, the Commission publishes the texts of the trade part of the agreement following the agreement in principle announced on 28 June 2019. The details of the published texts and the agreement in principle.

One of the main stumbling blocks is the limitation of the applicability of the provisions of the “trade and sustainable development” (TSD) chapter, particularly in light of growing criticism of record deforestation in Brazil. Some commentators argue that the EU could apply the “precautionary principle” to block certain imports considered to be linked to deforestation, but this legal reading will probably be challenged by MERCOSUR representatives. This document summarizes the outcome of the negotiations on the trade side of the EU-Mercosur Association Agreement at the time of the agreement in principle on 28 June 2019. The agreement in principle is subject to final transcripts in texts and market access offers. The free trade agreement between the European Union and Mercosur is a free trade agreement on which the EU and Mercosur have agreed in principle in 2019. [1] The agreement was announced on 28 June at the G20 summit in Osaka 2019, after 20 years of negotiations. [1] [2] Although there are convergences in principle, the final texts have not yet been finalised, signed or ratified and have therefore not entered into force. If ratified, this would be the largest trade agreement concluded by both the EU and Mercosur with regard to the citizens concerned. [2] The trade agreement is part of a broader association agreement between the two blocs.