The joint statement by the business associations aims to highlight the strategic importance of strengthening trade relations, investment and sustainable development through the agreement.
Addressed to the Presidents of the European Parliament, the European Council, the European Commission and the Hungarian Presidency, as well as the Mercosur Presidency, the call highlights that goods and services worth over €159 billion will be traded between the EU and Mercosur in 2022 . Euro was traded. The mutual investments would have amounted to almost 380 billion euros.
The signatory associations argue that these economic relationships are the basis for millions of jobs on both continents. They also emphasize that the agreement can help mitigate challenges posed by geopolitical instability and supply chain disruptions.
The joint statement notes that the agreement represents a rare opportunity to strengthen relations between the EU and Mercosur. Both sides would benefit from an agreement that…
that supports economic recovery and creates the foundations for sustainable growth.
The advantages in particular are the following:
• Market access and growth: Removing trade barriers would enable better market access and facilitate a steady flow of goods and services.
• Supply chain stability: Strengthened trade relationships would mitigate the impact of supply chain disruptions and ensure reliable access to critical resources.
• Increased cooperation: By deepening cooperation, the agreement could strengthen sustainable development, labor rights and environmental standards in both regions.
Mercosur refers to the common South American market (Mercado Común del Sur), a regional association of the five South American states of Argentina, Brazil, Paraguay, Uruguay and Venezuela.