EU-Mercosur agreement provisionally enters into force this Friday.

The free trade agreement between the European Union (EU) and Mercosur provisionally entered into force this Friday (1st). With the temporary implementation, around 5,000 products will have zero or reduced tariffs, which should directly benefit Brazilian agribusiness, especially in segments such as meat, sugar and fruit. According to ApexBrasil, Brazil can increase its exports to the European market by up to US$ 1 billion in the next 12 months. The estimate considers 543 products with the greatest potential for immediate gain. Despite the progress, the agreement continues to face resistance within Europe, mainly from rural producers and environmental groups, who question the competitive and regulatory impacts. The European Parliament has referred the treaty to the bloc's Court of Justice, which could delay its definitive implementation by one to two years.

This text was translated by machine from Brazilian Portuguese.