The EU and the South American economic bloc Mercosur have agreed on a free trade agreement. 20 years of the contract have been negotiating partner – the last thrust, one who is not sitting with at the table gave.
“We have a Deal,” it said in the evening in Brussels, where the talks with the European Union, the Mercosur countries Brazil, Argentina, Uruguay and Paraguay had come to an end. With the Treaty, the States want to build the frets of the largest free trade zone in the world.
By the agreement of the access, the export will improve your from the Mercosur countries to the EU market, it said in a message to the Argentine presidential office. And EU Commission President Jean-Claude Juncker tweeted: “A historic Moment”.
“In the midst of international economic tensions, we will send a strong Signal that we stand for rule-based trade”, Juncker said
The aim of the agreement, the removal of tariffs and other barriers. It aims to strengthen the exchange of goods and companies cost-savings in billion height.
Huge Potential
The Confederation of States of Mercosur, with a population of more than 200 million people, is one of the largest economies in the world. The EU even comes to more than 512 million inhabitants. The exports of EU companies in the Mercosur countries of supply to 2018 of around 45 billion euros, in the other direction, there were exports in the value of 42.6 billion euros.
The negotiations on the trade agreement began in 2000. They received a new impetus after the election of Donald Trump as US President. The trade talks between the EU and the USA were then placed on ice and the European Union was looking for other economic partners.
fab/cgn (dpa, rtre)