COPA-COGECA

Rule Changes

Opposes the agreement

Negotiations between the EU and Mercosur began in 1999. Twenty-six years later, on January 17, 2026, representatives signed a comprehensive free trade agreement in Asunción, Paraguay—the same city where Mercosur itself was founded in 1991. The deal eliminates tariffs on more than 90% of bilateral trade and creates the world's largest free trade zone, covering over 700 million consumers and roughly a quarter of global GDP. Days after the signing, the European Parliament voted 334-324 to refer the agreement to the European Court of Justice over legal concerns about the Commission's decision to split the deal into trade and non-trade pillars, potentially bypassing national parliaments.

Updated Jan 26