The position paper, dated 15 November 2024, is a joint statement from 78 business associations across the EU and Mercosur, urging the swift conclusion of the EU-Mercosur free trade agreement negotiations. The document highlights the significant trade and investment flows between the two regions, which support millions of jobs and contribute to economic strength. It emphasises the importance of deepening trade relations to enhance economic resilience amid geopolitical turmoil and supply chain disruptions. The agreement is seen as a means to promote free, fair, and sustainable trade, improve market access, diversify supply chains, and foster cooperation on sustainable development. The associations call on EU leaders to seize the opportunity to finalise the agreement, which would benefit approximately 750 million people and cover one-fifth of the global economy.
Key Takeaways:
- The agreement would benefit around 750 million people and cover 20% of the global economy.
- The EU-Mercosur agreement is crucial for economic resilience and job creation.
- It aims to enhance market access, diversify supply chains, and foster sustainable development.