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EU-Mercosur good news for Europe and for global trade

Speaking today after the conclusion of EU-Mercosur Trade agreement EuroCommerce Director-General Christian Verschueren said:
 
“After twenty years of negotiation, we are very happy to see the free trade agreement with Mercosur finally concluded. It is a sign to those who are seeking to return to the law of the jungle in trade, or to write off the liberal economic and social order globally, that 780 million people on both sides of the Atlantic are committed to free trade and the prosperity it brings.  I am also very pleased to see Mercosur governments commit to effective implementation of the Paris climate agreement and to a detailed chapter on sustainable development, including on deforestation”. 

Mercosur is the world’s 7th largest economy and 5th largest market outside the EU with an annual GDP of €2.2 trillion. The EU exported goods to the four Mercosur countries totaling €45 billion, and imported goods from Mercosur worth €42.6 billion in 2018. The EU exported €23 billion worth of services to Mercosur while Mercosur exported services worth €11 billion to the EU.

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"The Narratives"

EuroCommerce Narrative on Retail and Wholesale in a changing world…

The world is changing rapidly. Retailers and wholesalers have repeatedly shown how resilient and adaptive they are, and are moving ahead with embracing this change, providing value to customers, suppliers, and society at large. This great story is worth telling – both to the sector and to the wider world. And the story needs to say clearly what we want from the EU and from national governments to make our sector sustainably competitive.

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"The Narratives"