Overview
- The pact eliminates tariffs on more than 90% of EU–Mercosur trade through multi-year phase-ins and includes safeguard provisions.
- Together the blocs encompass roughly 780 million people and around a quarter of global GDP.
- Argentina sees new openings for agroindustry and value-added exports, with gains dependent on macroeconomic stability and competitiveness.
- Compliance with EU requirements on traceability, deforestation and carbon footprint will be crucial for market access.
- Argentina’s government welcomed the accord, with Foreign Minister Pablo Quirno praising access to a market that was its third-largest destination in 2025.