Commissioner Malmström on the benefits of open trade with Mercosur in Madrid today
EU Trade Commissioner Cecilia Malmström today spoke in Madrid at the conference “Free trade as a motor of growth – Future EU-MERCOSUR agreement” on the benefits of an EU trade deal with Mercosur – the region of South America which includes Brazil, Argentina, Uruguay and Paraguay.
Noting the common tastes and passions of these countries with Europe – from food to football – she also highlighted the benefits of the economic relationship, such as trade in goods and services, and EU investment in the region. With EU exporters paying over 4 billion euros a year in tariffs to access the Mercosur market, the Commissioner cited the economic benefits of an EU-Mercosur free trade agreement – but also the value, in a time of rising protectionism, of two such large economies showing their commitment to work together towards open, rules-based trade.
Citing new political commitment and momentum in the negotiations, she said the EU-Mercosur agreement was a “unique opportunity” to build a bridge between the two regions.
In Madrid Monday, Commissioner Malmström also took the opportunity to meet the assembled Ministers of the Mercosur countries; Foreign Ministers Jorge Marcelo Faurie, Eladio Loizaga and Rodolfo Nin Novoa, of Argentina, Paraguay and Uruguay as well as Marcos Pereira, Marcos Pereira, Minister of Industry, Foreign Trade and Services of Brazil.