Free trade: EU-Mercosur agreement enters into force provisionally

The agreement covers 20% of global GDP and is expected to significantly improve market access. So far, South America accounts for only 1% of Germany’s foreign trade. The European Parliament has yet to approve the agreement.

01. May 2026
Lula da Silva, Ursula von der Leyen
After more than 25 years of negotiations, the EU signed its agreement with the Mercosur countries in January in Asunción, Paraguay. (European Union, 2026)

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Last updated: 01. May 2026