With the beginning of the Mercosur-EU agreement, the import tax on European wines and sparkling wines begins to be reduced from this Friday (1st). As a result, goods should reach shelves at more affordable prices.
Bottles of wine and sparkling wine priced above US$8 per liter will have the import tariff immediately reset. Labels below this value will only be exempt after 12 years.
This Friday (1st). More than 5 thousand products from Mercosur will already enter the European continent with reduced tariffs.
Although, not all products will have tariffs eliminated at once. For sectors considered more sensitive, the reduction will be made progressively:
- Up to 10 years in the European Union;
- Up to 15 years in Mercosur;
- In some cases, up to 30 years.
Over the course of implementation, the agreement could achieve the liberalization of more than 90% of bilateral trade.
After 26 years of negotiations, between Mercosur and the EU on a provisional basis this Friday. Since 1999, the blocs have been working on building the treaty.
Initially, with the formal exchange of notifications between the parties, the commercial part of the treaty comes into force, which facilitates exchanges between the parties.
The political and cooperation pillars of the agreement, however, require complete ratification by all European Union countries, which is not yet expected to happen.
In December 2024, the agreement was finally announced, in Montevideo, capital of Uruguay, which hosted the bloc’s Summit of Heads of State.
After obstacles and resistance from the European side, the signing in 2025 ended up frustrated. But, at the beginning of this year, the agreement was finally sealed.
