EU and Mercosur sign historic and ambitious partnership
19.01.2026 23:21 "Agro Perspectiva" (Kyiv) —
The European Union and Mercosur signed a Partnership Agreement (EMPA) and an Interim Trade Agreement (iTA),
representing a historic milestone between the two regions, and an ambitious platform for strengthening their
economic, diplomatic and geopolitical relations.
The Agreement signed today will create one of the biggest trade zones in the world covering a market of around
700 million consumers. The Agreement will deliver substantial new commercial opportunities for companies across
the EU, driving an estimated 39% increase in annual exports to Mercosur (a value of approximately ˆ49 billion),
while supporting hundreds of thousands of EU jobs.
The Agreement also sends a strong geopolitical signal, demonstrating the EU and Mercosur’s shared commitment to
multilateralism and the rules-based international order. At a time of global uncertainty and increasing
fragmentation, this agreement underlines the value of cooperation, dialogue and international partnerships.
The agreement presents significant opportunities for mutual gain through strengthened economic, geopolitical,
sustainability, and security cooperation.
President of the European Commission Ursula von der Leyen, President of the European Council Antonio Costa, and
leaders from Mercosur countries witnessed the signing of the EU-Mercosur Partnership Agreement (EMPA) and the
EU-Mercosur Interim Trade Agreement by EU Trade Commissioner Maroš Šefčovič and his Mercosur counterparts.
«Today, two like-minded regions open a new chapter of opportunity for more than 700 million citizens.
With this win-win partnership, we both stand to gain — economically, diplomatically and geopolitically.
Our companies will create exports, growth and jobs. We will support each other in our clean and digital
transitions. And our signal to the rest of the world is clear: the EU and Mercosur are choosing cooperation
over competition, and partnership over polarisation.»
Fewer duties, more exports
The Agreement will create a wide range of economic opportunities in the EU by:
Removing tariffs on EU exports, including agri-food and key industrial products such as cars, machinery,
and pharmaceuticals, saving EU businesses ˆ4 billion worth of duties per year;
Making it easier, quicker and safer to invest in key supply chains, including critical raw materials and
related goods;
Strengthening economic security and supporting the digital and green transitions on both sides;
Helping the EU and Mercosur to shape global trade rules in line with the highest EU standards.
A balanced deal for EU agriculture
The Agreement will open unprecedented access to the Mercosur region for European farmers and food producers.
The deal is expected to increase EU agri-food exports to Mercosur by up to 50% by:
Reducing tariffs on key EU agri-food products, such as wine, spirits, dairy, and olive oil;
Protecting 344 EU Geographical Indications, high-value traditional food and drink products, from unfair
competition and imitation.
At the same time, the EU has taken great care to ensure that sensitive agri-food sectors benefit from every
necessary protection, thanks to the following measures:
Carefully calibrated tariff rate quotas that limit market access of sensitive products imported from
Mercosur;
A legally binding safeguard mechanism that protects sensitive European products in case of a surge in
imports from Mercosur countries;
Enhanced controls preventing non-compliant products from entering the EU market, including more audits
and checks in third countries, and strengthened controls at EU borders;
Actions to align production standards, such as pesticides and animal welfare, applied to imported products;
A ˆ6.3 billion fund, the Unity Safety Net as from 2028, as an additional layer of protection for farmers in
case of market disturbances.
Sustainability and environmental commitments
The Agreement is one of the most ambitious deals ever signed by the EU in terms of sustainable development,
as it features:
Ambitious and enforceable commitments on climate action, including the Paris Agreement as an essential element;
Concrete commitments on sustainable development, including women’s economic empowerment and labour rights;
A pledge to work towards climate neutrality by 2050;
A clear contribution of trade to the green transition.
Next steps
Following the signature of the EMPA, the EU and Mercosur will now follow their respective procedures to work
towards the ratification of the Agreement.
On the EU side, the EMPA will be subject to ratification by all Member States, following their national
procedures. At the same time, the ITA will follow an EU-only ratification process, requiring the consent of
the European Parliament and approval by the Council, after which it will enter into force.
The iTA will expire once the EMPA enters into force.
