Part 6/10:
Tariff Reductions and Market Access
Notable tariff eliminations range from abating a 35% tax on vehicles to removing the 20% tariff on chemicals, all projected to save Europe around four billion euros annually. However, the EU’s stringent quality regulations present a significant challenge. Proposed standards necessitate that Mercosur exports meet European environmental and labor requirements.
Yet, despite these reforms, doubts linger over the equitable access to EU markets, especially for sensitive agricultural products like beef, poultry, and sugar. The agreement proposes limited imports and quotas, which may hinder Mercosur’s potential exports, stifling growth within these vital sectors.