Overview

• He framed the pact’s swift adoption as essential to protecting European exporters from Trump’s planned 30% tariffs on goods from August 1.
• The agreement, provisionally sealed in 2019, still awaits approval from the European Parliament and member states, with France among its strongest opponents.
• A Spanish delegation representing 17 companies—including BBVA, Banco Santander and Acciona—accompanied Sánchez to highlight investment opportunities in Uruguay, where over 100 Spanish firms operate.
• He underscored the need for open markets, clear and predictable rules, and robust multilateral dispute-resolution mechanisms to navigate rising trade conflicts.
• The tour, which began in Chile and continues in Paraguay, is intended to deepen Spain’s commercial ties in Latin America and build momentum for the EU-Mercosur deal.