The agreement is expected to result in a significant increase in Brazilian beef exports to all EU countries.   Under the agreement, the EU will open its markets to a quota of up to 99,000 tonnes of beef per year, at a preferential rate of 7.5% inches.  Farmers across the EU oppose it, especially small farmers who fear being underestimated in terms of prices.  The COPA-COGECA union, which represents 23 million farmers in the EU, warned that the agreement “will go down in history as a very dark moment”.  The Irish Farmers` Association condemned the agreement as a “shameful and weak sell-off”.  Find out how the EU-Mercosur trade agreement would help small businesses that are already exporting to the world. The project will then focus on a study on fair and fair trade in Brazil and will hold a second forum in December 2018. In June 2019, the EU and the South American bloc Mercosur agreed on a free trade agreement, a pioneering agreement that concludes two decades of talks and pledges to open markets in the face of rising protectionism. With a portfolio of 365 billion euros, the EU is the largest foreign investor in Mercosur, while Mercosur`s investment stock in the EU stands at 52 billion euros in 2017. Although the relationship is very extensive, both exporters and potential investors face obstacles in Mercosur markets. The contracting process was very complex and challenging; Negotiations on the agreement have already taken 20 years.
The legal text of the agreement is not yet ready and must be translated into the 24 official languages of the European Union once completed. Only then will Members of the European Parliament be able to vote on the economic and trade aspects of the Treaty. The political component, which includes issues such as the environment and human rights, must be approved by each of the 28 parliaments of the EU Member States. The European Commissioner for Trade TALKS about the MERCOSUR-EU trade negotiations in Paraguay and Uruguay Cattle farming is the main driver of Amazonian deforestation and has been responsible for 80% of deforestation.   The current increase in the rate of destruction of tropical forests comes at a time when beef exports from Brazil are at record levels.  There are fears that the agreement could lead to even greater deforestation, as it expands access to the Brazilian beef market.  EU leaders responded to the criticism by saying that the terms of the agreement are not contrary to the objectives of the Paris climate agreement and that the trade agreement underlines a commitment to “rules-based trade”.  However, as Jonathan Watts points out, “there are countless reports of violations of the rules by Brazilian meat companies.”  Many experts believe that the environmental provisions contained in the current text of the agreement are “edented” because of the lack of enforcement powers  Brazil is a signatory to the Paris climate agreement, but President Bolsonaro criticized it and threatened to remove Brazil from office.  As mentioned above, deforestation of the Amazon has intensified under Bolsonaro.