Mercosur Free Trade Agreements List

Once the texts are definitively and legally revised, they will have to be translated into all the official languages of the EU and Mercosur. [39] The texts are then submitted by the European Commission for approval by the Council of Ministers of the European Union. Unanimity is required within the Council. If the Council is adopted, it will sign the agreement and pass it on to the Mercosur countries and the European Parliament. An EU Association Agreement must also be approved by national parliaments of all EU member states. Ratification of the agreement by the national parliaments of mercosur countries is also necessary. [40] Together, it is a process that, in itself, can take many years. [2] However, in the EU, the trade part of the agreement (and certain elements of the preamble, institutional and final provisions) can be provisionally implemented as soon as Mercosur ratifies and the European Parliament approves. The European Commission may also decide to present the trade pillar as a separate trade agreement. If the Mercosur countries and the Council agree, the separate trade agreement must not be approved by the parliaments of the EU Member States (since trade falls under the exclusive competence of the EU), the approval of the European Parliament is sufficient.

[39] What remains of the Association Agreement still needs to be approved by all national parliaments and cannot be implemented provisionally. [41] 36The simultaneous arrangement scenario (Scenario 3) generates significant benefits for Mercosur. The combined profits are greater than the sum of the profits of the different approaches due to an increase in the creation of trade and a reduction in the diversion of trade. It doubles more than the growth of the bloc`s trade and GDP in relation to the free trade agreement and increases it by 60% compared to the free trade agreement between Mercosur and the EU. Export growth to other countries in the Western Hemisphere remains virtually unchanged from the level of profits achieved in the CETA scenario. Mercosur`s imports from the rest of the world were down 4.2%. 8The rest of the paper is organized as follows. It presents the model and its main features. Then, it analyzes the trade of countries during the reference year, it looks at the results and finalizes.

Member States can assess goods from these areas with the common external tariff used for Mercosur or, for some special products, the national tariff applicable in each Member State. In this way, products from free trade zones can benefit from the more favourable tax treatment provided by the southern common market, imported into the normal customs areas of each Member State, or, in the case of certain special products, the normal customs treatment that prevails in each country. Products outside Mercosur are heavily taxed, so local businesses do not feel the need to compete with large international companies. A constructive outcome to this solution – although unlikely given the Argentine government`s anti-trade stance – would be to transform Mercosur into a free trade agreement rather than a customs union. A free trade agreement can maintain the current zero tariff for domestic trade, while providing members with flexibility in negotiating their own trade agreements with other countries. The United States should follow this path by actively pursuing a free trade agreement with Brazil, which would have the added benefit of diversifying its supply chains. I hope that there will be a more open and flexible bloc that will give the citizens of Argentina, Brazil, Paraguay and Uruguay hope for a more prosperous future. The increasing use of protectionist measures by national heads of state and government would have encouraged the resumption of talks in 2016. [7] The EU can hope that the agreement is a major break in this global revival of protectionism.

[7] European Commission President Jean-Claude Juncker called the agreement the approval of „rules-based trade” at a time of increasing protectionism. [5] Mercosur could hope to use the agreement as a model for future business in the future. [7] The presidents of Mercosur o

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