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Political breakthrough on EU-Mercosur trade agreement

by Sebastian Grundberger, Jonathan Neu, Dr Patricia Enssle

Founding of one of the world's largest economic areas after 25 years of negotiations

After a quarter century of negotiations, a surprising political agreement on the EU-Mercosur pact was reached at the Mercosur Summit in Montevideo on December 6. In an era of growing protectionism and increasing multipolarity, this breakthrough is of central importance. By establishing one of the world's largest trading blocs, the EU, after 25 years of negotiations, creates facts and demonstrates its ability to act. In light of China's investment offensive in the region, this represents an important geopolitical signal. EU member states are now called upon to swiftly ratify and bring the agreement to life.
December 10, 2024 Ordering Information

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Sebastian Grundberger

Sebastian Grundberger

Head of the Regional Programme Party Support and Democracy in Latin America and the Uruguay Office

sebastian.grundberger@kas.de +51 1 41 66 100
Contact

Jonathan Neu

Zu sehen ist ein Portaitfoto von Jonathan Neu

Trainee Regional Program Party Dialogue and Democracy /Country Program Uruguay

jonathanlukas.neu@kas.de +598 2902 0943

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