The European Union and the Mercosur states (Brazil, Argentina, Paraguay and Uruguay) have agreed on a partnership agreement after lengthy negotiations. The agreement is intended to save European companies export duties totalling 4 billion euros annually. In addition, the agreement is intended to secure and diversify supply chains and create new opportunities for all types of companies. Companies should benefit from lower tariffs and simplified procedures as a result of the agreement.
The agreement will not only promote trade, but also strengthen sustainability commitments, including measures to curb deforestation and comply with the Paris Climate Agreement.
The agreement between the EU and the Mercosur countries would create one of the largest free trade areas in the world with more than 700 million inhabitants.
Further procedural steps are still required before the agreement can be signed and enter into force. The texts of the agreement will be legally scrutinised by the European Commission in the coming months and translated into the languages of the signatory states.
Trade in goods with Norway: Duty-free access for certain goods
Certain goods manufactured from agricultural products originating in Norway will be granted unlimited duty-free access to the European Union from 1 January 2025 to 31 December 2025.
The rules of origin of Protocol No. 3 to the bilateral free trade agreement between the European Economic Community and the Kingdom of Norway apply.
The corresponding regulation will enter into force on 1 January 2025.
Links:
Einigung auf MERCOSUR-Freihandelsabkommen
DURCHFÜHRUNGSVERORDNUNG (EU) 2024/3001
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