Everybody is talking

about Mercosur.

But what is it?

And why does it matter?

What about European farmers?

Here's everything you need to know

about the EU Mercosur agreement.

“EU Mercosur”

“the EU Mercosur”

“that the EU Mercosur”

“partnership between Mercosur and Europe”

First things first.

Mercosur is an economic

alliance of South

American countries.

It includes Argentina,

Brazil, Paraguay and Uruguay.

Think of it as their version

of the European

Union single market

What the Partnership

Agreement will do

is reduce

tariffs and taxes between them

and us. European exporters,

including farmers,

will be able to export

much more to Mercosur

and save over €4 billion

by paying fewer tariffs.

Exports to Mercosur

already support 600,000 EU jobs

and this will increase

thanks to the deal.

Now, if you clicked on this video,

you probably have

one question in mind.

What about European farmers?

For actions will be taken. One.

One.

The deal will boost the existing

EU agri-food

exports by removing

some very high tariffs

on wine and cheese,

just to name a few.

In fact,

our farmers are expected to export

50% more of their products.

Traditional European food products

will no longer be imitated

in the Mercosur countries

Two.

Only a very limited

amount of agri-food

products can be imported

into the EU

in the most sensitive sectors.

Take beef for example.

No more than 1.5% of the European

Union's production can be imported

annually at reduced tariff rates.

Three. Even more important.

Only food that meets the EU’s

strict health and safety

standards will be able

to end up on your plates.

This will be ensured

by even more controls.

Forur.

The EU has put in place

strong protections

as well as a €6.3 billion

safety net,

to support

farmers in case of need.

In short,

we are creating

one of the biggest free markets

in the world

with some 720 million

consumers altogether,

making it easier for companies

to trade goods and services.

Let's hear it

from the EU companies.

So from the regulation perspective

and from EU Commission,

we would definitely hope

for policies and support

for climate friendly technologies.

I think all the work that the EU is doing

with Mercosur

is extremely important.

It is a huge market,

it is an increasing opportunity for European companies.

When free trade agreements are put in place,

things become easier

for us as independent winegrowers

but also for the importer

for whom the procedures will be simpler.

EU and Mercosur agreement

will be a milestone for us,

for all South American

and for all Europeans.

It will be a reason

to go more and more into this

great market.

Communication and cooperation

with overseas countries are actually helping

in boosting your business

and therefore creating

jobs in your home country and the region

where you operate.

But it's not just

about the economy.

This agreement

brings you

closer to a group of trusted,

like-minded partners.

This really matters

in today's world.

The agreement will provide

stable, reliable access

to critical raw materials

like lithium, graphite or aluminum

needed to create the industries

and jobs of the future.

As a result,

our economic security

will be stronger.

So , now

you understand

what this agreement is about,

how it protects

our farmers and industries

and how it will impact our economy

and competitiveness.

If you want to know more

about European policies and plans,

make sure to check out

our explainer series

and subscribe

to our YouTube channel.

See you next time!