EU-Mercosur Agreement: What Does It Mean for Duties?

The EU-Mercosur Agreement

After over 20 years of negotiations, the free trade agreement between the EU and Mercosur countries (Brazil, Argentina, Uruguay, Paraguay) is close to ratification.

Affected Goods and Duty Reductions

Industrial Goods

Vehicles and parts: Gradual duty reduction over 10 years

Machinery: Immediate duty-free access for many items

Chemicals: Duty elimination in 4-7 years

Agricultural Products

Beef: Quotas with reduced duties

Poultry: Similar quota arrangements

Sugar and ethanol: Sensitive products with safeguards

Timeline

2025: Planned ratification

2026-2035: Gradual duty elimination

2036: Full implementation

Recommendation

Analyze now which of your products could benefit from duty reductions!