The recent Trade Association Agreement between the European Union and Mercosur represents a strategic opportunity for Spain, according to the Club of Exporters and Investors. The pact will save €4.000 billion annually in tariffs and forecasts a 37% growth in Spanish exports, boosting key sectors and creating thousands of jobs.
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El Club of Spanish Exporters and Investors has expressed its strong support for Trade Association Agreement between the European Union and Mercosur, signed at the end of 2024 and currently in the process of ratification. This pact is seen as a decisive opportunity for the Spanish export sector.
According to Antonio Bonet, president of the Club, "this pact constitutes a strategic opportunity for Spain and its exporting companies, by opening a common market of more than 700 million consumers and eliminating tariff and non-tariff barriers.”
The agreement will especially benefit emblematic products of Spanish exports, such as olive oil, wine, cheeses and fruits, by significantly reducing tariffs. Furthermore, more than 350 European Geographical Indications will be protected, 59 of which are Spanish, thus strengthening their position in Mercosur markets.
Spanish exports are estimated to grow by around 37%, and this commercial expansion will translate into the creation of more than 22.000 jobs.
The Exporters Club foresees a 37% growth in Spanish exports, driven by the agricultural sector and industries such as automotive, chemical and pharmaceutical industries. It is estimated that this commercial expansion will result in the creation of more than 22.000 jobs, consolidating Spain as a key player in the diversification of its international trade relations.
In addition, the gradual elimination of tariffs will represent a annual savings of around 4.000 billion euros for European companies, which will improve their competitiveness. This agreement not only has an economic impact, but also "strengthens political and strategic ties with a key region," according to the Club.
In a complex international context, the Club of Exporters and Investors considers that the agreement EU-Mercosur is a clear sign of commitment to open trade intelligent and balancedTherefore, it encourages authorities and parliaments to complete the ratification and implementation of the treaty as soon as possible to boost Spanish exports.
