In 2022, EU and Mercosur trade in goods and services reached €159 billion, with mutual investments nearing €380 billion. To further support these deep economic ties, both Europe and Mercosur must work together to finalise their Free Trade Agreement. With 77 business associations from across the Atlantic, we are emphasising the agreement’s potential to boost trade, foster investment and promote sustainable development. Learn why ratifying the agreement can promote supply chain stability, enhance cooperation and growth between the two regions.
Taking steps towards ratifying the EU-Mercosur Free Trade Agreement
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Stressing the importance of open trade in Strasbourg
From Tuesday, 16 to Wednesday, 17 June, AmCham EU travelled to the European Parliament in Strasbourg, France for a series of meetings on EU trade and external affairs policy developments. The delegation engaged with Members of the European Parliament and political group advisers to share business perspectives on the future of the EU-US relationship. Discussions focused on the need to reset transatlantic trade and investment ties, strengthen Europe’s competitiveness and preserve open, rules-based markets. Members also highlighted the importance of avoiding tariffs, reducing regulatory complexity, deepening cooperation on economic security, critical supply chains and digital policy as well as ensuring that resilience measures remain proportionate, predictable and open to trusted partners.
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Highlighting the Single Market’s role in Europe’s competitiveness
On Tuesday, 10 June, Thibaut L’Ortye spoke at EUROPEN’s panel on Global Partnerships and the EU Single Market. The discussion focused on how Europe can strengthen its competitiveness and attractiveness as an investment destination. Mr L’Ortye underlined the importance of external partnerships to support supply chains, particularly in areas such as critical minerals and AI, as well as secondary raw materials. He also highlighted the need for the EU to remain open to international investors while pursuing its economic security objectives.
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One year on from ‘Liberation Day’, the transatlantic economy still stands strong – but it needs stability
Authored by Malte Lohan, CEO, AmCham EU
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