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News Wire / economy

EU Tariffs On Mercosur Exports To Be Removed

RTBF La Premiere Brussels 14d11d Impact 8

The commercial portion of a trade agreement with Mercosur countries will enter into force on May 1. Consumers in Brazil are expected to see gradual changes in pricing for products such as wines, cheeses, olive oils, and chocolates from the European Union. The transition to these new tariff structures is described as gradual for the Brazilian consumer. The commission calculates this will increase exports by up to 40% in the coming years. The agreement establishes annual limits on the entry of sensitive products, such as beef, and includes safeguard clauses. The agreement removes customs duties on more than 90 percent of products from the South American trade bloc. Polish beef producers have expressed concerns that the deal will lead to an influx of low-quality, cheap food into Poland.

The commercial portion of a trade agreement with Mercosur countries will enter into force on May 1. Consumers in Brazil are expected to see gradual changes in pricing for products such as wines, cheeses, olive oils, and chocolates from the European Union. The transition to these new tariff structures is described as gradual for the Brazilian consumer. The commission calculates this will increase exports by up to 40% in the coming years. The agreement establishes annual limits on the entry of sensitive products, such as beef, and includes safeguard clauses. The agreement removes customs duties on more than 90 percent of products from the South American trade bloc. Polish beef producers have expressed concerns that the deal will lead to an influx of low-quality, cheap food into Poland. MEP Krzysztof Hetman stated that the Polish government and MEPs took all possible steps to prevent the impact. The European Commission announced that the EU-Mercosur Free Trade Agreement will gradually eliminate tariffs currently imposed on over 91% of EU export goods to Mercosur countries. Exporters in the finance, IT, and transport sectors will benefit from clearer licensing norms. These combined benefits are estimated to stimulate annual exports to the Mercosur region by 39%, reaching between 5 and 10 billion euros. The announcement was reported by Digi FM Romania.

Topics

trade Mercosur tariffs agriculture

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Sources · 7 independent

RTBF La Premiere

“au 1er mai, la partie commerciale rentre en vigueur, donc c'est la suppression des tarifs sur 91% des exportations européennes vers ces pays-là. Donc c'est pour un moment total actuel de 57 milliards.”

RTBF La Premiere

“C'est en tout cas une défaite démocratique, puisque la Commission européenne et nos gouvernements ont d'aller pouvoir importer, exporter vers le marché européen, vers le pays du Mercosur.”

RFI Monde

“Le produit pharmaceutique ou le vin que l'UE exporte vers l'Argentine, le Brésil, le Paraguay, le Lure-Gouay, seront supprimés ou considérablement réduits.”

CBN São Paulo

“Queijos, azeites e chocolate vindos da União Europeia terão suas tarifas de importação reduzidas ou eliminadas. Outro setor que ganha competitividade imediata é o de maquinários industriais e insumos químicos.”

CBN São Paulo

“Com o início do tratado, vinhos, queijos, azeites e chocolate vindos da União Europeia terão suas tarifas de importação reduzidas ou eliminadas.”

Cadena SER

“El acuerdo rebaja o elimina los aranceles a más del 90% de las exportaciones europeas. Y según los cálculos de la comisión, esto permitirá aumentar hasta un 40% las exportaciones en los próximos años.”

Radio Krakow

“Od dziś tymczasowo weszła w życie unijna umowa handlowa z mercosurem. To oznacza, że cła na ponad 90% produktów z bloku krajów ameryki południowej zostały zniesione.”

CRI News Radio

“根据欧委会声明 欧盟南共市自贸协定将逐步取消南共市对超过91%的 欧盟出口商品征收的”

Digi FM Romania

“Se estimează că până în 240 aceste beneficii combinate vor stimula exporturile anuale ale unii unii către regiunea mercosur cu 39% ajungă la 5-10 de miliarde de euro.”

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