On Thursday, the agreement was adopted by the Uruguayan House of Representatives, the lower house of the local parliament, with a large majority. The day before, the Uruguayan Senate unanimously passed them, reported the Uruguayan daily “El Pais”.
Which countries are covered by the EU-Mercosur Agreement?
What does the Customs Preferences Agreement introduce?
When was the EU-Mercosur trade agreement signed?
Which Mercosur countries are seeking to ratify the agreement?
The agreement will introduce customs preferences
The governments of the other Mercosur countries covered by the agreement: Argentina, Brazil and Paraguay are also seeking quick ratification of the agreement. In Argentina, the agreement has already been ratified by the Chamber of Deputies, and a vote in the Senate is scheduled for Thursday.
It will likely take much longer for the European Parliament to approve the deal, but European Commission President Ursula von der Leyen has signaled the possibility of its temporary implementation once one of the Mercosur countries ratifies it.
The EU-Mercosur trade agreement signed on January 17 will introduce customs preferences for exporters of products such as beef, poultry, dairy products, sugar and ethanol from Argentina, Brazil, Uruguay and Paraguay. In turn, the markets of these countries will open to European industry.
At the beginning of January, most EU countries agreed to sign the agreement. He was opposed by Poland, France, Austria, Ireland and Hungary.
