Published by Global Banking & Finance Review®
Posted on September 29, 2025
1 min readLast updated: January 21, 2026
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Spain aims to ratify the Mercosur trade agreement by year-end, removing duties on most exports between the EU and Mercosur over a decade.
MADRID (Reuters) -Spain expects the agreement with the South American trading bloc Mercosur to be ratified by the end of the year, Economy minister Carlos Cuerpo said on Monday.
Under the proposed deal, Mercosur will remove duties on 91% of EU exports, while the EU will progressively remove duties on 92% of Mercosur exports over a period of up to 10 years.
Some EU countries, including heavyweight France, have expressed misgivings about the deal.
(Reporting by Corina Pons; Writing by Emma Pinedo; Editing by Charlie Devereux)
Spain expects the agreement with Mercosur to be ratified by the end of the year, according to Economy Minister Carlos Cuerpo.
Under the proposed deal, Mercosur will remove duties on 91% of EU exports, while the EU will progressively remove duties on 92% of Mercosur exports over a period of up to 10 years.
Some EU countries, including heavyweight France, have expressed misgivings about the deal.
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