Trade agreement between Mercosur and the European Union promises to leverage investments in the country

The Mercosur-EU trade agreement, which began to be negotiated in 1999, has finally been completed and will bring great impacts for the 28 nations of the EU and the 4 pcountries that make up Mercosur (Brazil, Argentina, Uruguay and Paraguay). In total, they all involve approximately 750 million consumers and a GDP of US$ 17 trillion (25% of the world's GDP). These are astronomical numbers, which place this agreement as one of the largest in history.

The European Union is Brazil's second largest trading partner, after China. Last year's trade transactions between Brazil and the EU surpassed the US$94 billion mark. However, this relationship was stronger in the past and has weakened due, in part, to the slowdown in European growth. However, with the tariff reductions and incentives included in the text of the agreement, the expectation is for an increase in GDP of up to US$ 125 billion over the next 15 years.

Benefits of this deal

The agreement will zero tariffs for important agricultural products exported by Brazil, such as fruits, coffee and orange juice, as well as zero tariffs for the export of industrial products. Quotas will also be created for the sale of sugar, ethanol and meat, and products such as cachaça, cheese, wine and coffee will be recognized as items 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% in 10 years, which could generate up to 778 thousand jobs. For the president of the CNI (National Confederation of Industries), Robson Braga, the agreement could lead Brazil to the “league of the great economies of international trade”.

• CBSI with new opportunities for high school and higher education professionals!
• CBGO with vacancies for Technicians and Engineers in Civil Construction
• Macaé starts the month of July with 247 job openings
• Petrobras expands presence in China and will increase oil exports by 30%
• Brunel requests Nurse Offshore