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EU Commission to provisionally apply for ratification of Mercosur pact

01 Mar '26
1 min read
EU Commission to provisionally apply for ratification of Mercosur pact
Pic: Shutterstock

Insights

  • After Argentina and Uruguay became the first countries recently to ratify the EU-Mercosur Agreement, with Brazil and Paraguay expected to follow soon, European Commission President Ursula Von der Leyen said the Commission will now proceed with provisional application for ratification.
  • The agreement can only be fully concluded once the European Parliament has given its consent, she said.
After Argentina and Uruguay became the first countries recently to ratify the European Union (EU)-Mercosur Agreement, with Brazil and Paraguay expected to follow soon, European Commission President Ursula Von der Leyen said the Commission will now proceed with provisional application for ratification.

The agreement creates a market of 720 million people, opens countless opportunities and cuts billions in tariffs. It allows small and medium businesses in the EU to access markets and scale they could only dream of before, Von der Leyen said in a statement recently.

And it also gives Europe a strategic first-mover advantage in a world of sharp competition and short horizons.

In line with the EU Treaties, the agreement can only be fully concluded once the European Parliament has given its consent, she said.

So the Commission will continue to work closely with all EU institutions, member states and stakeholders to ensure a smooth and transparent process, she noted.

Fibre2Fashion News Desk (DS)

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