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Pending the European Court of Justice's legal opinion requested by the European Parliament, the Trade agreement between the European Union and Mercosur, opening up a market of 700 million consumers, provisionally entered into force on May 1st

The agreement between the EU and Mercosur will have a significant impact on the European economy, generating a GDP increase of more than EUR 77 billion by 2040. The value of EU exports, estimated at around EUR 50 billion a year, and the number of employed people are also expected

The Italian Trade Agency estimates that the EU-Mercosur agreement will generate an increase in exports of USD 3.5 billion by 2036. Other advantages for Italian companies include the simplification of customs procedures and the facilitation of participation in tenders

Several international analysts believe that South American countries, despite their well-known structural vulnerabilities, are less influenced by the factors of economic and geopolitical instability that are affecting the Persian Gulf area, Europe, and even the USA

From subsidized financing under Law 394/81 to the 'Latin America Measure', up to export subsidies, companies intending to enter or consolidate their presence in South American markets can access various types of public incentives

After 25 years of negotiations, the European Commission and the Mercosur member countries have signed an agreement to create one of the world's largest free trade areas. Among other things, the agreement includes a a EUR 4 billion reduction in duties and non-tariff barriers