Source: European Parliament
The EU-Mercosur Partnership Agreement is currently subject to legal revision and translation after which the signature and ratification process in the EU and in the Mercosur countries will be launched.
For EU sensitive agricultural sectors, the Agreement sets clear quantitative limits as regards providing preferential access to the EU market. It also contains bilateral safeguards to counter potential negative impacts on a specific EU agricultural sector.
For the unlikely event that the agricultural market situation in the EU is negatively impacted following the implementation of the Agreement, the Commission intends to set up a financial reserve in the context of the next Multi-Annual Financial Framework.
The expected impact of the agreement for the EU only points to very limited price decreases for certain sensitive sectors[1] according to the Joint Research Centre study on cumulative economic impact of upcoming trade agreements on EU agriculture[2]. There is no indication of disproportionate effects at Member States level, including Romania.