The agreements are projected to unlock export opportunities worth billions for EU businesses, contribute to economic growth and competitiveness and support hundreds of thousands of jobs across Europe
The agreement with Mercosur is anticipated to create one of the world’s largest free trade zones, encompassing a market of over 700 million consumers Estimates suggest the agreement could increase the EU’s annual exports to Mercosur by up to 39 percent and generate more than 440,000 jobs within Europe France recently voiced reservations regarding the agreement
The modernized agreement with Mexico aims to facilitate access to critical raw materials and benefit strategic industries within Europe Both agreements require separate approval from the European Parliament and the member states before they can enter into force
