At the end of this year, nearly 200 nations hope to negotiate a 15-year agreement that will foster change towards a sustainable low-carbon economy and establish obligations for all nations. Previously reluctant nations have already offered ambitious reduction targets and the European Union continues to be the most daring actor. Business will play a key role in the implementation. This will be an opportunity for strategic actors to voice their views on possible impacts over free trade agreements, among which the Mercosur-EU FTA. Old attitudes, barriers and reservations will have to be revisited in order to look for win-win scenarios.
Wednesday, 14 May 2014
12.30 – 14.00 h
After years of discussions it seems that the time has come for a bi-regionalAssociation Agreement between the European Union (EU) and Mercosur. To the surprise of many, Mercosur has finalized a joint list of commercial offers for the EU, including the complete elimination of import tariffs for 87% of all products bought from the European bloc. And there will be no different speeds under which tariff reductions will enter into effect. Both regions are on track to exchange market access offers in the foreseeable future. Brazilian and European private sectors support this agreement which will boost trade and investments between the two regions.
Recognizing the link between free trade and sustainable development, the inclusion of environmental issues in the trade negotiation agenda is essential.
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