EU-Mercosur Agreement: Boosting SME Trade Opportunities
Discover how the EU-Mercosur agreement enhances SME trade, protects geographical indications, and strengthens EU-Latin America economic ties.
The EU-Mercosur agreement, once ratified, will significantly impact SMEs by strengthening trade ties between the EU and Latin America. This agreement ...
The EU-Mercosur agreement, once ratified, will significantly impact SMEs by strengthening trade ties between the EU and Latin America. This agreement will recognize 344 European geographical indications (GIs) and around 220 Mercosur GIs, protecting high-value products and reducing imitation. The agreement also consolidates the EU's normative presence in the region, covering around 95% of Latin America and the Caribbean's GDP. This will provide SMEs with a stable and preferential trade environment. Additionally, the agreement builds on a substantial trade base, with €100 billion in goods trading and over €42 billion in services trading. The EU's significant investment in the region, exceeding €810 billion, further strengthens economic ties and provides SMEs with local knowledge, networks, and employment opportunities. The agreement's focus on sectors such as banking, telecommunications, infrastructure, services, and renewable energy offers SMEs a range of opportunities for growth and expansion. By leveraging these benefits, SMEs can tap into new markets, enhance their competitive position, and drive economic growth.
