EU Political Group PPE to Support EU-Mercosur Trade Agreement for Economic Growth
The Grupo PPE plans to support the EU-Mercosur trade deal, highlighting its potential to boost Europe's economy with increased exports and job creation.
- • Grupo PPE urges EU members to approve the EU-Mercosur trade agreement.
- • The deal is expected to increase exports by €4.9 billion and create 440,000 jobs.
- • Gabriel Mato stresses the agreement's role in building alliances and protecting European interests.
- • Jörgen Warborn highlights the creation of a free trade area with 700 million consumers.
- • The agreement aims to enhance Europe's competitiveness and strategic autonomy through free trade.
Key details
The European People's Party (Grupo PPE) has announced its intention to vote in favor of the EU-Mercosur trade agreement, urging EU member states to approve the deal as soon as possible. The agreement is touted as a crucial step toward boosting Europe's economy, with projections estimating an export increase of €4.9 billion and the creation of 440,000 jobs across Europe.
Gabriel Mato, a Europarliament member leading the negotiation team, emphasized that the agreement goes beyond trade benefits. It aims to build lasting alliances, protect European interests, and enhance the continent's strategic autonomy in global commerce. Mato highlighted the agreement's expected signing next week, calling it a unique economic opportunity for Europe.
Jörgen Warborn, PPE's spokesperson for International Trade, noted that the agreement will unlock a vast free trade area encompassing 700 million consumers. This is especially significant in an uncertain global economic climate. The deal will reduce tariffs, simplify customs procedures, and facilitate trade in goods, services, and investments, while also helping diversify supply chains.
Warborn praised the EU's commitment to open and free trade, contrasting it with other regions turning inward. He urged a swift and smooth ratification process to ensure long-term prosperity for Europe, underscoring the agreement's importance for increasing Europe's global competitiveness and trade autonomy.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.
