Mercosur-EU Trade Partnership Could Create 778,000 Jobs

Written by Paulo Nogueira

Published on 02/07/2019 at 15:55

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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.

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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

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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

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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