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EU industry calls for a swift ratification of the agreement with Mercosur

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Cosmetics Europe, Cefic and a coalition of 17 different enterprise associations representing totally different European industrial sectors name for a swift ratification of the EU-Mercosur Free Commerce Settlement.

In an open letter despatched to the President of the European Parliament, Ms. Metsola, the President of the European Council, Mr. Michel, and the President of the European Fee, Ms. Von der Leyen, they declare the settlement is vital to protect their competitiveness and safe provide chains.

The textual content was supported by all kinds of signatories together with the European Car Producers’ Affiliation (ACEA); The Brewers of Europe; the European Confederation of the Footwear Business (CEC); the Committee for European Development Gear (CECE), the EU wine firms committee (CEEV); the European Affiliation of the Machine Software Industries (CECIMO); the European Chemical Business Council (Cefic); the European merchants in agri-food commodities (CELCAA); the European Affiliation of Automotive Suppliers (CLEPA); the European affiliation of beauty industries (Cosmetics Europe); the Confederation of Nationwide Associations of Tanners and Dressers of the European Group (COTANCE); the European Dairy Affiliation (EDA); the European Companies Discussion board (ESF); the European Attire and Textile Confederation (EURATEX); the Affiliation of European Chambers of Commerce and Business (EUROCHAMBRES); the retail sector (EuroCommerce); Europe’s Know-how Industries (ORGALIM); SpiritsEUROPE; and Toy Industries of Europe (TIE).

Free, fair and sustainable trade is key for our industry to leverage its strengths. The EU-Mercosur agreement is one of the key Free Trade Agreements that can foster multilateralism across regions. Without such fundamental agreements, it will become increasingly difficult for Europe to maintain its competitiveness, also in comparison with other leading nations such as China or the USA. The ratification of EU-Mercosur agreement should be a priority on Europe’s agenda,” mentioned Marco Mensink, Cefic Director Basic.

Finalized in 2019, the EU-Mercosur settlement offers for a gradual discount of almost 90% in customs duties between the 2 zones over a interval of 10 to fifteen years relying on the sector. Nevertheless, its signature and ratification got here up in opposition to the hostility of a big proportion of residents, opposition from the European agricultural sector, and hostility from a number of left-wing political forces. The settlement has additionally raised many questions on its affect on the atmosphere.

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