Trade · Economy
Key Facts
—Target Negotiations relaunched in October 2025 aim for a deal by September or October 2026, giving Canadian firms a first-mover advantage over the US.
—Market Size Mercosur has a combined GDP of nearly US$3 trillion and a population of 282 million, making it a massive consumer base for Canadian exports.
—Tariff Cuts The deal would slash Mercosur tariffs by up to 35%, opening highly protected sectors like automobiles, machinery, and pharmaceuticals.







