Definitive 2026 guide to the Mercosur EU trade deal: status, numbers, winners, risks and country-by-country steps for investors in Latin America and
Rio Times · Guides
Key Facts
—Status Politically agreed in 2019 but as of mid‑2026 the EU–Mercosur trade deal is still unsigned, unratified and not in force.
—Coverage Covers Argentina, Brazil, Paraguay and Uruguay on the Mercosur side and all 27 EU member states; Venezuela is suspended.
—Tariff ambition Would gradually eliminate tariffs on about 90–95% of trade in goods over transition periods up to 15 years.
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The agreement bridges two highly complementary but historically protectionist markets, offering benefits for both regions.
This is the first major trade agreement for Mercosur, which includes Brazil and Argentina, along with Paraguay and Uruguay.
