EU-Mercosur Trade Agreement

HEADLINE: High tariffs and trade barriers hindered EU-Mercosur trade growth.

Key Obligations

Tariff elimination; rules of origin; SPS; GI protection; deforestation commitments

Penalty Ranges

Loss of preferences

Mandatory Deadline: Concluded 2024; ratification pending

Affected HS Codes: All HS chapters

Issuing Authority: European Commission / Mercosur

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