The EU-Mercosur Interim Trade Agreement entered provisional application on May 1, delivering immediate gains for EU businesses, workers, and citizens.
Over 91 percent of EU goods exported to Mercosur will see import duties phased out, unlocking a 700 million consumer market. From today, tariffs on key exports like cars, pharmaceuticals, spirits, and olive oil vanish or plunge sharply, handing EU firms prime access to one of the world’s largest trade blocs.
Read more: EU Commission President moves to provisionally apply Mercosur deal despite court review
May 1 also kicks off non-tariff barrier removal: conformity rules, labeling standards, and international norms take effect, streamlining EU operations. Public procurement markets swing open too, letting EU companies compete equally for federal and state contracts.
Services sectors—finance, IT, transport—gain instant clarity on licensing, fair procedures, and worker mobility. By 2040, exports to Mercosur should surge 39 percent to EUR50 billion annually.
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