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Português EU-Mercosur Free Trade Agreement
The largest trade agreement in history: 780 million people, over 25% of world GDP.
780M
people in single market
>25%
of world GDP
91%
tariffs progressively eliminated
€45Bn
estimated EU export increase
What changes
Concrete benefits for companies
Tariff elimination
91% of tariffs on goods are progressively eliminated. European industrial products will enter Brazil at much lower cost.
Repairs exempt
Goods temporarily exported for repair (machinery, components) return duty-free. Fundamental for industry.
SMEs facilitated
A dedicated chapter for small and medium enterprises simplifies customs procedures and guarantees regulatory certainty.
Public procurement
European companies will be able to participate in Brazilian public tenders on equal terms with local companies.
ESG standards
The agreement includes binding commitments on sustainable development, labour and environment, aligning standards between EU and Mercosur.
Intellectual property
Strengthening the protection of patents, trademarks and geographical indications. Italian and European excellence will be better protected.
Timeline
How the agreement evolves
Agreement reached
After 20 years of negotiations, EU and Mercosur reach a political agreement in Buenos Aires.
Agreement concluded
The definitive text is finalised. Start of ratification process by EU member states.
Provisional application
Provisional entry into force for EU competence parts. First tariff reductions.
Progressive elimination
Tariffs gradually eliminated according to the schedule agreed by sector.
Sectors
The most advantaged sectors
🏭
Industrial machinery
Tariff elimination 10–35%
🌾
Agri-food
Protected PGIs, sanitary standards
🚗
Automotive
Components and assembly
💊
Pharmaceuticals
Patents and distribution
👗
Fashion & Textile
Luxury and made in Italy
⚡
Renewable energy
Solar, wind
💻
Software & Tech
Industrial SaaS, IoT
🔩
Spare parts
Duty-free return after repair
FAQ
The most frequently asked questions
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