Agreement Mercosur

Sep 9, 2021 by     No Comments    Posted under: Uncategorized

Under the agreement, the EU and Mercosur commit to effectively implement the UNITED Nations Framework Convention on Climate Change and the Paris Agreement on Climate Change. The scope of the agreement is very broad. [9] In addition to tariffs, it includes rules of origin, trade services, sanitary and phytosanitary (SPS) measures, technical barriers to trade (TBT), liberalization of services and investment, competition policy, subsidies, state-owned enterprises (SOEs), trade and sustainable development. This includes improving access to public procurement and intellectual property rights, including “geographical indications” or the protection of regional food specialities. [2] Legal safeguards are introduced to protect 357 European food and beverage products against counterfeiting, including Prosciutto di Parma and Fromage de Herve. [3] Customs procedures are also simplified under the Agreement. [7] The agreement prohibits both parties from excessively promoting trade and investment in: the EU negotiated a trade agreement with the four founding countries of Mercosur (Southern Common Market), namely Argentina, Brazil, Paraguay and Uruguay. Find out here what`s in it, what the consequences will be and how we will reach a final agreement. The agreement opens the EU market to products from Mercosur, but restricts imports of sensitive agricultural products such as beef, ethanol, pork, honey, sugar and poultry from Mercosur. This creates the right balance: Mercosur exports will not threaten the EU market with unlimited imports into sensitive sectors.

The Protocol of Accession of the Caribbean country was signed in 2006 by all the presidents of the Bloc countries. The Uruguayan and Argentine congresses then approved the new member`s membership. The Brazilian Congress did so only in December 2009. However, the Paraguayan Congress did not approve it and therefore made it impossible for the Caribbean nation to fully join. On 29 June 2012, the presidents of Mercosur decreed the Paraguayan suspension until the next presidential elections in April 2013, in response to the summary release of the presidency by Fernando Lugo. A month later, the bloc presidents confirmed their membership in Venezuela and several trade agreements were signed. It was suggested that, with the return of Paraguay, the decision could be reversed by the exercise of its right of veto, which had not been the case. [22] The decision was controversial. For some economists, Venezuela`s accession as a full member of Mercosur increases the bloc`s economic importance and opens up new business and investment opportunities. However, for others, the decision was deemed hasty, imposed by the governments of Brazil and Argentina and motivated by purely political reasons.

Timetable 1999: Start of discussions between the EU and the Mercosur countries. 2009: First impact assessment on sustainable development. 2010: Negotiations resumed after a suspension of talks. Negotiations gave new impetus in 2016. . .

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