On 1 May 2026, the Trade Agreement between the European Union and Mercosur (Argentina, Brazil, Uruguay and Paraguay), signed on 17 January, will enter into force on a provisional basis. Its main objective is to create a free trade area between the two blocs through the gradual elimination of tariffs, thereby facilitating trade and investment between the regions.
The agreement will remove import duties on over 91% of products for both blocs. This removal will take place in stages over time, in accordance with the tariff reduction schedule set out in the Agreement.
Among the goods and sectors that will benefit from this agreement are the following:
Exports of products originating in the EU
- Motor vehicles
- Industrial machinery
- Chemicals
- Agri-food products
- Textiles
Exports of products originating in Mercosur
- Raw materials
- Agri-food products
- Meat products
In order to benefit from the Trade Agreement and the underlying preferential treatment, operators trading in goods must comply, amongst other conditions, with the Direct Transport clause (direct shipment between exporter and importer or under customs supervision) as well as with the Rules of Origin set out in the Agreement for goods subject to trade.
The preferential origin of the goods being traded may be substantiated by means of self-certification or a declaration of origin. During this transitional period, the proof of origin fully recognised by all parties (evidence of the preferential origin of goods traded with a value exceeding 6,000 euros) shall consist of a declaration of origin, issued on the invoice and drawn up by a REX-registered exporter (duly authorised by the customs authority of the exporting country).
How can we assist you?
We recommend operators conducting international trade with Mercosur countries to analyse, amongst other provisions, the Rules of Origin applicable to the goods being traded, and, where applicable, apply for the mandatory REX registered exporter authorisation, which will allow them to access the benefits provided for in this important trade agreement.
Salinas & Partners, with over 30 years’ experience in international trade and customs, are at your disposal for any queries or comments you may have.
