Published by Global Banking & Finance Review®
Posted on March 23, 2026
1 min readLast updated: March 23, 2026
Add as preferred source on GoogleThe EU–Mercosur trade agreement will be provisionally applied from May 1 between the EU and Mercosur members that have ratified it—Argentina, Brazil, Uruguay and now Paraguay.
BRUSSELS, March 23 (Reuters) - The European Union's free trade agreement with South American bloc Mercosur will apply on a provisional basis from May 1, the European Commission said on Monday.
The key trade elements of the accord, which has proven contentious in Europe, will apply from that date between the 27-nation European Union and the countries in Mercosur that have completed their ratification procedures before the end of March.
"Argentina, Brazil and Uruguay have already done so. Paraguay has recently ratified the agreement and is expected to send its notification soon," the Commission said in a statement.
(Reporting by Philip Blenkinsop, editing by Inti Landauro)
The EU-Mercosur trade agreement will apply provisionally from May 1.
Argentina, Brazil, and Uruguay, with Paraguay expected to be included soon once it sends notification.
Mercosur countries must complete their ratification procedures before the end of March to be included.
The agreement has faced controversy and debate within Europe, although the article does not specify reasons.
The European Commission made the announcement in a statement on Monday.
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