Archive · 29 Sep 2025
Spain Anticipates Year-End Ratification of Mercosur Trade Deal
Spain is hoping to finalize a trade deal with Mercosur, a group of South American countries, by the end of this year.
This deal involves removing taxes on many goods traded between them.
Mercosur will remove taxes on 91% of the products that Europe sells to them.
In return, Europe will remove taxes on 92% of the products Mercosur sells to Europe, but this will happen gradually, over about ten years.
The Economy Minister, Carlos Cuerpo, mentioned this in a statement.
This agreement aims to make it easier for businesses in Spain and other European countries to trade with South American nations.
Spain expects the Mercosur agreement to be ratified by the year's end.
The announcement was made by Economy Minister Carlos Cuerpo.
The agreement involves the removal of duties on exports.
Mercosur will remove duties on 91% of EU exports.
The EU will remove duties on 92% of Mercosur exports over 10 years.
- Who
- Spain and Mercosur
- What
- Anticipated ratification of a trade agreement.
- When
- The end of the year.
- Where
- Spain
- Why
- To facilitate trade between the EU and Mercosur.
- Country
- Spain
- Organization
- Mercosur (South American trading bloc)
- Official
- Carlos Cuerpo (Economy Minister)
- Deal Type
- Trade agreement
- EU Exports Duty Removal
- 91%
- Mercosur Exports Duty Removal
- 92%
- Mercosur Exports Duty Removal Timeline
- Up to 10 years