EU–Mercosur Trade Deal Enters Provisional Force, Slashing Tariffs on Brazilian Exports

Overview

• The pact is now in provisional force after a European Commission move, unlocking immediate tariff cuts on trade between the two blocs.
• For Brazil, more than 80% of exports to Europe now face zero import tax, covering over 5,000 products, and an ApexBrasil study maps 500 export chances worth $43.9 billion.
• About 93% of the items with tariffs removed at the start are industrial goods, giving Brazilian manufacturers the first boost.
• Brazil set tariff‑rate quotas that cap reduced‑tariff volumes for a small slice of trade, covering roughly 4% of exports and 0.3% of imports.
• Final approval remains pending because the European Parliament sent the text to the EU Court of Justice for a review that could take up to two years, while visiting lawmakers expressed confidence and German MEP Bernd Lange said he expects a vote within months.