The free trade agreement between Mercosur and the European Union took effect this Friday (May 1st) on a provisional basis. The commercial part of the treaty reduces or eliminates tariffs for thousands of products, including wines, olive oils, cheeses and industrial equipment.
The free trade agreement between Mercosul and the European Union represents a treaty that facilitates commercial exchanges between the blocs through the gradual elimination of import tariffs. Implementation will follow a timeline of up to 15 years, with the European Union eliminating tariffs on approximately 95% of Mercosul goods, while Mercosul will eliminate taxes on 91% of European goods.
The agreement between Mercosur and the European Union takes effect on May 1, 2026
Only the commercial part of the agreement takes effect initially, while the political and cooperation pillars depend on complete ratification
Mercosur will eliminate tariffs on 91% of European goods entering the region
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (3)
Tariff reduction will follow a 15-year staggered schedule with seven different categories
There is a specific mechanism to protect the automotive sector
Machinery and equipment sectors represent 21.8% of Mercosur's tariff reductions
Conflicting versions (1)
Number of products with zero tariff from Mercosur to EU
No gaps declared — all sources converge on the material facts.