
Montevideo (Eurotoday) – Commission President Ursula von der Leyen arrived in Latin America to finalize the EU-Mercosur trade deal, boosting trade and investment.
European Commission President Ursula von der Leyen arrived in Latin America to conclude a long-delayed trade agreement between the European Union and the South American Mercosur bloc. Ursula von der Leyen on his X handle said:
“The finish line of the EU-Mercosur agreement is in sight. Let’s work, let’s cross it. The largest trade and investment partnership the world has ever seen. Both regions will benefit.”
Touchdown in Latin America📍
The finish line of the EU-Mercosur agreement is in sight.
Let’s work, let’s cross it.
We have the chance to create a market of 700 million people.
The largest trade and investment partnership the world has ever seen.
Both regions will benefit.
— Ursula von der Leyen (@vonderleyen) blank” rel=”noopener”>December 5, 2024
Mercosur will sit in Montevideo amid indications the bloc of Argentina, Brazil, Paraguay and Uruguay will use the event to announce a deal on the trade deal, which would be the biggest struck by the European Union in terms of tariff reductions.
What are the main goals of the EU-Mercosur trade deal?
The trade agreement would reduce tariffs for most European Union exports to some of the biggest Latin American economies while extending the European market more to imports including agricultural products. It would also support the European footprint in a region where China has made inroads in recent years. It will be especially important for car exporters, who will notice the current 35% tariffs slowly removed over a number of years. High duties will be also stopped for other industrial products such as car parts, machinery, chemicals, clothing and textiles.
What challenges does the EU face in finalizing the Mercosur agreement?
The arrangement, which would create an integrated market of 780 million consumers, still confronts a very difficult procedure of ratification, as key member states including France and Poland have resisted the deal over environmental and regulatory concerns. European farmers have repeatedly protested against the deal, grumbling it will lead to cheap imports of South American commodities, notably beef, that is not subject to the same green and food safety measures as in the European Union.
France has been the loudest critic of the proposed contract but is distracted by a political crisis after the failure of French Prime Minister
Comments
Last News
Ein Spaziergang durch Kiew mit Botschafter Thoms
Thoms reflects on the toughest winter in decades. Weeks of sub-zero temperatures, systematic attacks on energy infrastructure, and constant generator noise were meant to wear
Europe on Alert as Extreme Heat Threatens Public Health
Southern Europe, June 26 – Eurotoday Newspaper — Public Health Europe remains the primary focus as authorities across southern Europe respond to an intensifying heatwave that has pushed temperatures to dangerous levels. Millions of people are under weather alerts as health agencies urge residents and tourists to avoid prolonged sun exposure, stay hydrated, and check on elderly and vulnerable ind
Bosnia Begins WU19 EURO With Broader Ambitions
Women’s Youth Championship Kicks Off in Sarajevo and Zenica, spotlighting legacy, access, and Spain’s supremacy
By Daniel Mercer, Sports Correspondent, The European Times
The UEFA Women’s Under-19 Championship starts this weekend in Bosnia and Herzegovina, showcasing eight of Europe’s top youth teams in Sarajevo and Zenica. The competition is significant, particularly with Spain defending
Erdoğan launches crackdown ahead of NATO summit
NATO spokesperson Allison Hart stated Thursday that the alliance “relies on the host nation to provide assessments on journalists from their country.” NATO is communicating with Turkish authorities on accreditation, emphasizing the importance of media attendance at major events.
Campaigners accuse th
Why Thousands of UK Entrepreneurs Are Opting for Company Formation Packages in 2026
London, June 26 – Eurotoday Newspaper — Company formation packages are seeing record demand as thousands of UK entrepreneurs turn to online incorporation services to launch new businesses quickly and efficiently. Industry professionals report that founders are increasingly selecting digital registration solutions that combine company incorporation with compliance support, helping reduce paperwor
Brussels Strengthens Controls on Strategic Investment
EU Implements Mandatory Foreign Investment Screening Across Member States, Retaining National Decision-Making Power
The European Union has issued new guidelines for foreign investment screening, signifying a notable change in overseeing strategic areas like digital infrastructure, energy, transport, critical raw materials, and advanced technologies. This framework aims to bridge gaps between nat
Governments and Private Sector Must Unite to Counter Hybrid Attacks
Guide for New Company Directors: Essential Director Responsibilities for UK Business Owners
London, June 26 – Eurotoday Newspaper — New company director guide searches are increasing as more entrepreneurs establish limited companies across the UK. Business advisers say new directors are paying closer attention to their legal responsibilities after incorporation, with compliance becoming a key issue for startups navigating their first year of trading.
Compliance Expectations Increase fo
EU Ministers Support Grid Overhaul
Council’s Stance Initiates Talks on Expedited Permits, Enhanced Interconnections, and Security Rules for Europe’s Power Networks
On Friday, EU energy ministers reached a consensus on a significant package aimed at modernizing Europe’s energy grids, advancing the bloc towards new rules to accelerate cross-border infrastructure, alleviate bottlenecks, and support the transition t
Understanding the Importance of a Registered Office Address for Every UK Company
London, June 26 – Eurotoday Newspaper — Virtual registered office services are seeing increased demand as more entrepreneurs register companies online and seek flexible ways to meet UK legal requirements. Company formation specialists say the trend reflects the continued growth of remote businesses and digital startups across the country.
More New Companies Choose Professional Registered Office



Leave a Reply