EU-Mercosur: Draft Sustainability Impact Assessment for the Trade part of the Association Agreement

July 8 – The European Commission published the draft version of the final assessment of the potential economic, social, environmental and human rights impact of the trade part of the association agreement between the European Union and Mercosur (Argentina, Brazil, Paraguay and Uruguay). According to the report, produced by the London School of Economics on behalf of the European Commission, the agreement will have a positive impact on the economies of both the EU and the Mercosur countries, raising wages and contributing to a reduction in inequalities. The analysis projects a very significant increase of EU exports to Mercosur countries, given the very high level of tariff and non-tariff barriers, which are currently in place. Read further.