On 1 May 2026, the EU-Mercosur Interim Trade Agreement between the EU and the three Mercosur countries – Uruguay, Argentina, and Brazil – will enter into force. An announcement from the fourth Mercosur member state – Paraguay – is also expected shortly, which will allow for provisional application across the entire territory of the agreement. The provisional application of the agreement will apply solely to trade, ensuring faster access for EU companies, including those from Latvia, to Mercosur…
On 1 May 2026, the EU-Mercosur Interim Trade Agreement between the EU and the three Mercosur countries – Uruguay, Argentina, and Brazil – will enter into force. An announcement from the fourth Mercosur member state – Paraguay – is also expected shortly, which will allow for provisional application across the entire territory of the agreement. The provisional application of the agreement will apply solely to trade, ensuring faster access for EU companies, including those from Latvia, to Mercosur markets. According to estimates, the agreement could increase the EU’s annual exports to Mercosur countries by up to 39%. The agreement will also create more than 440,000 jobs in Europe. Along with the Interim Trade Agreement, the Safeguard…
