Mercosur-EU Trade Partnership Could Create 778,000 Jobs

Written by Paulo Nogueira

Published on 02/07/2019 at 15:55

Be the first to react!

Trade Agreement Between Mercosur and the European Union Promises to Boost Investments in the Country

The Mercosur-EU trade agreement, which started negotiations in 1999, has finally been concluded and will have a significant impact on the 28 EU nations and the 4 countries that make up Mercosur (Brazil, Argentina, Uruguay, and Paraguay). In total, they encompass approximately 750 million consumers and a GDP of US$ 17 trillion (25% of the global GDP). These are astronomical numbers, making this agreement one of the largest in history.

The European Union is Brazil’s second-largest trading partner, behind only China. Trade transactions last year between Brazil and the EU exceeded US$ 94 billion. However, this relationship was stronger in the past and has weakened due in part to the slowdown in European growth. Nonetheless, with the tariff reductions and incentives brought by the text of the agreement, the expectation is for a GDP increase of up to US$ 125 billion in the next 15 years.

ARTICLE CONTINUES BELOW

Benefits of This Agreement

The agreement will eliminate tariffs on important agricultural products exported by Brazil, such as fruits, coffee, and orange juice, as well as eliminate fees for the export of industrial products. Quotas will also be created for the sale of sugar, ethanol, and meats, as well as items like cachaça, cheeses, wines, and coffees recognized as coming from Brazil.

The opening of the European agricultural market could add US$ 9.9 billion to Brazil’s exports to the European Union. An increase of 23.6% over 10 years, potentially creating up to 778 thousand jobs. According to the president of CNI (National Confederation of Industries), Robson Braga, the agreement could lead Brazil to the “league of major economies in international trade.”

Mercosur-EU Trade Partnership Could Create 778,000 Jobs

Trade Agreement Between Mercosur and the European Union Promises to Boost Investments in the Country

Benefits of This Agreement

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

R$ 258 million and 34.5 km of new connection to the Madeira River: works on the access to Porto Novo begin in Rondônia to remove 1,200 trucks per day from the urban area of Porto Velho

390 million years later, the oldest forest ever recorded on Earth reappears fossilized in England and reveals the turning point at which primitive trees began to act as a biogeomorphic force in the transformation of the planet.

The Iranian ship Delruba, sanctioned by the US, docked in Santa Catarina with 60,000 tons of urea valued at US$ 24.4 million, and the episode is back in the debate amidst the current fertilizer crisis because Brazil imports 85% of what it consumes and urea has already soared 50% in 30 days.

July 1st could be a turning point for fuels in Brazil, reinstating the safety stock requirement for gasoline and diesel and renewing pressure on pump prices amid the Strait of Hormuz crisis.

Mercosur-EU Trade Partnership Could Create 778,000 Jobs

Trade Agreement Between Mercosur and the European Union Promises to Boost Investments in the Country

Benefits of This Agreement

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Saltwater is encroaching on coastal aquifers worldwide: a study with 480,000 monitoring points reveals where underground freshwater reserves are becoming vulnerable to seawater intrusion.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.

Hungarian mothers began confronting electric car battery factories over fears of contaminated water and industrial waste, saying the green industry was poisoning the neighborhood.

R$ 258 million and 34.5 km of new connection to the Madeira River: works on the access to Porto Novo begin in Rondônia to remove 1,200 trucks per day from the urban area of Porto Velho

390 million years later, the oldest forest ever recorded on Earth reappears fossilized in England and reveals the turning point at which primitive trees began to act as a biogeomorphic force in the transformation of the planet.

The Iranian ship Delruba, sanctioned by the US, docked in Santa Catarina with 60,000 tons of urea valued at US$ 24.4 million, and the episode is back in the debate amidst the current fertilizer crisis because Brazil imports 85% of what it consumes and urea has already soared 50% in 30 days.

July 1st could be a turning point for fuels in Brazil, reinstating the safety stock requirement for gasoline and diesel and renewing pressure on pump prices amid the Strait of Hormuz crisis.