Today marks an important milestone for Europe’s competitiveness and global engagement. The European Commission’s decision to provisionally apply the EU–Mercosur Interim Trade Agreement represents a decisive step forward after more than 25 years of negotiations. This move follows yesterday’s ratifications of the Agreement by Uruguay and Argentina, enabling the Commission to proceed with provisional application. It also reflects the Commission President’s clear ambition to advance the EU’s diversification agenda and translate political commitment into concrete action. Cefic, alongside 24 other European business associations representing key sectors across the EU economy, welcomes this decision.
Sylvie Lemoine, Cefic’s Deputy Director General commented:
“Provisional application of the EU–Mercosur Agreement is critical for Europe’s industrial competitiveness. Mercosur is a key growth market of more than 270 million consumers and an important source of essential inputs and raw materials. Improved market access and reduced barriers will strengthen transatlantic value chains and benefit both regions.”
In an increasingly fragmented global economy, securing access to growth markets and reliable resources is vital for Europe’s industrial resilience. Both sides must now ensure that this partnership delivers in practice.