Mercosur-EU trade agreement final approval delayed to late 2027, European court review may take 15 months
By
Guilherme Pimenta
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
The Mercosur-EU trade agreement's final approval by the European Court of Justice (CJEU) may be delayed by up to 15 months, pushing the definitive implementation of free trade between the two blocs to the end of 2027. The European Parliament halted the agreement's progress in January by requesting a legal review at the court in Luxembourg, less than a week after the signing. Brazilian and European authorities assess that the court is unlikely to revise the free trade treaty, but the process still faces significant delays.
Key quotes
· 3 pulledA tramitação do acordo entre o Mercosul e a União Europeia no TJUE pode atrasar a implementação definitiva do livre comércio entre os dois blocos econômicos em até 15 meses
Em janeiro deste ano, o Parlamento Europeu travou a tramitação do acordo ao solicitar uma revisão jurídica na corte, em Luxemburgo, menos de uma semana depois da assinatura
Autoridades brasileiras e europeias avaliam que...
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