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How will the EU-Mercosur trade agreement affect EU exports to Mercosur in 2025?
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European Union•Mercosur•Argentina•Brazil•Paraguay•Uruguay•Germany•Spain•Sweden•Poland•Italy•EU•German
Resolution / Starting Odds
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No increase or decrease • 25%
Trade statistics from the European Union or Mercosur countries
Story
EU Signs Trade Agreement with Mercosur, Supported by Germany, Spain, and Sweden, Covering 780 Million People
Dec 15, 2024, 11:06 AM
After 25 years of negotiations, the European Union has signed a significant trade agreement with the Mercosur countries, which include Argentina, Brazil, Paraguay, and Uruguay. This deal, finalized this week, aims to create a free trade area encompassing approximately 780 million people. While the agreement has garnered strong support from Germany, Spain, and Sweden, its approval is contingent upon the backing of Poland and Italy, which could impact the EU's credibility as an economic partner. The German press has highlighted the necessity of this agreement for the EU's economic interests, emphasizing its potential to enhance the bloc's geopolitical stance amid global competition.
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Similar markets
Increase in EU exports • 25%
Increase in Mercosur exports • 25%
Balanced trade growth • 25%
No significant change • 25%
Agriculture • 25%
Automotive • 25%
Manufacturing • 25%
Services • 25%
Argentina • 25%
Brazil • 25%
Paraguay • 25%
Uruguay • 25%
Brazil • 25%
Argentina • 25%
Uruguay • 25%
Paraguay • 25%
Brazil • 25%
Argentina • 25%
Paraguay • 25%
Uruguay • 25%
Automotive • 25%
Agriculture • 25%
Pharmaceuticals • 25%
Technology • 25%
Brazil • 25%
Argentina • 25%
Germany • 25%
France • 25%
Agriculture • 25%
Automotive • 25%
Pharmaceuticals • 25%
Other • 25%
Brazil • 25%
Argentina • 25%
Uruguay • 25%
Paraguay • 25%