The free trade agreement between Mercosur and the European Union was officially sent this Wednesday (September 3) to the 27 EU member states, following approval by the European Commission. The treaty introduces significant measures, including tariff reductions, cooperation on environmental issues, and enhanced intellectual property protection, all of which are key to boosting international trade.

The agreement’s classification will determine the next steps. If deemed “exclusive”, involving only EU competences, provisional application will require ratification by the European Parliament. However, if considered “mixed”, covering areas that require national approval, it will depend on ratification by all 27 national parliaments — a process that may take years.

Follow Tavares IP’s blog for updates on how this agreement could shape trade and intellectual property frameworks in Brazil and Europe.