Maroš Šefčovič

Published on
23/03/2026 – 15:14 GMT+1

The European Commission on Monday took final steps to provisionally apply the Mercosur trade deal from 1 May, covering Argentina, Brazil, Paraguay and Uruguay.

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The move uses a special procedure to ensure the deal takes effect despite a judicial review launched by the European Parliament after a pivotal 21 January vote suspended ratification.

“The priority now is turning this EU-Mercosur agreement into concrete outcomes, giving EU exporters the platform they need to seize new opportunities for trade, growth and jobs,” EU Trade Commissioner Maroš Šefčovič said, adding: “Provisional application will allow us to begin delivering on that promise.”

The agreement liberalises trade flows between the EU and Mercosur countries, creating a free-trade area of more than 700 million people.

The Commission signed off on the deal and secured backing from EU member states despite strong opposition from EU farmers, who fear unfair competition from Mercosur imports.

But at the European Parliament, opponents secured a majority to refer the agreement to the Court of Justice of the European Union to assess its legality.

Pressed by supporters including Germany and Spain, which are seeking faster access to new markets amid rising geoeconomic tensions, the Commission opted for provisional application.

To proceed, it had to wait for at least one Mercosur country to ratify and notify the agreement before launching provisional implementation with that country. Argentina, Brazil and Uruguay have done so, while Paraguay ratified the deal last Tuesday and “is expected to send its notification soon,” the Commission said.

On Monday, the Commission sent a “verbal note” to Paraguay, the legal guardian of Mercosur treaties, completing the final procedural step.

“Provisional application ensures the removal of tariffs on certain products as of day one, creating predictable rules for trade and investment,” the Commission said.

“It will create more resilient and reliable supply chains, crucial in particular for the predictable flow of Critical Raw Materials.”

Published on 23/02/2026 – 13:58 GMT+1•Updated
14:24

EU Trade Commissioner Maroš Šefčovič is set to meet G7 trade ministers on Monday after United States President Donald Trump upped the pressure on trading partners with a 15% across-the-board tariffs on imports entering the American market.

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Trump’s move came after a US Supreme Court ruling last week struck down several global duties he had imposed from the White House last year, overturning a central part of his trade policy.

Brussels is now demanding legal clarity. The EU is bound to Washington by a trade pact clinched in July 2025 by Commission President Ursula von der Leyen and Trump, setting tariffs on EU exports at 15% while committing the bloc to slash its own duties to zero.

“Full clarity on what these new developments mean for the EU-US trade relationship is the absolute minimum that is required in order for us the EU to make a clear-eyed assessment and decide on next steps,” Commission deputy spokesperson Olof Gill said on Monday.

Key Parliament vote expected

Šefčovič’s G7 talks come ahead of a closed-door meeting of EU ambassadors to assess the fallout from the latest developments in the US.

Some member states, including France, are prepared to deploy the bloc’s Anti-Coercion Instrument – the so-called “trade bazooka” that allows restrictions on public procurement, licenses and intellectual property rights if necessary to push back against external pressure.

Attention is now shifting to the European Parliament, which was set to vote Tuesday on implementing the EU-US agreement by cutting tariffs on US goods, as included in the deal. Instead, MEPs are meeting on Monday afternoon to decide on the future enforcement of the agreement.

The Parliament has led resistance to the US administration, arguing the deal signed in Scotland last summer was unbalanced.

German MEP Bernd Lange, who chairs the Parliament’s Committee on International Trade, said on Sunday that he will urge negotiators to suspend the agreement. But Zeljana Zovko, lead negotiator for the EPP – the Parliament’s largest group – struck a cooler tone, telling Euronews that MEPs “keep calm and do our [their] part.”

“No need to add any more fuel to an already existing fire,” she said.