Commission: The Mercosur agreement can be implemented without the approval of the European Parliament

The European Commission clarified that the trade agreement between the European Union and Mercosur can be implemented even before its approval by the European Parliament, as the Treaty allows. However, the Commission states that it is making every effort to secure a majority in Parliament. The agreement with Mercosur (Argentina, Brazil, Paraguay and Uruguay) is part of the EU's strategy to diversify its trade, reducing its dependence on a few markets and strengthening the resilience of European supply chains, especially in critical raw materials. The European Commission estimates that the implementation of the agreement will lead to savings of more than 4 billion euros per year in duties for European businesses, boosting their competitiveness in international markets. This agreement is expected to offer significant benefits to the European economy. The possibility of implementing the agreement before the approval of the European Parliament raises discussions about the transparency and democratic legitimacy of the EU's trade agreements. However, the Commission insists that the agreement is in the interest of Europe and will contribute to its economic development.