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Europe Mercosur Agreement

The European Commission (EC) is currently examining the legality of the agreement and translating it into all official EU languages for submission to the EU Council of Ministers (governments of the 27) in the first months of 2021, in line with the list published by the European Parliament (EP). After the adoption of the Council, the Treaty will reach the European Parliament. It remains to be seen whether the EU`s national parliaments should also be examined. Trade barriers disproportionately affect small businesses more than large businesses, as small businesses may not have the time and resources to overcome them. This is why the EU has called for the establishment of a specific chapter for small and medium-sized enterprises (SMEs) in trade agreements, in order to address the specific challenges of SMEs in international trade and investment activities. . . .

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