The EU and Mercosur have reached a landmark agreement aimed at deepening strategic, economic, and sustainability ties. The agreement, which finalises years of negotiations, is set to bring significant benefits for industries on both sides, including the boating and nautical tourism sector.

Under this partnership, mutual trade opportunities will expand, eliminating high export duties and fostering access to critical raw materials vital for green technologies. Sustainability plays a key role, with commitments to halt deforestation and align with the Paris Agreement objectives. This milestone could offer benefits to European boatbuilders and suppliers looking to increase exports to South America.

The proposal will now move through procedural steps before full implementation, including approval by the EU Council and Parliament.

Read the EU Commission press release here.