Mercosur-EU Trade Pact Gains Strong Backing from Brazil, Argentina & EU Textile Bodies

FITA, ABIT and EURATEX back the Mercosur–EU Partnership Agreement as crucial for competitiveness and stable trade rules.

Despite review by the Court of Justice of the European Union, they highlight gains in market access, technology, investment and environmental standards.

EU textiles & apparel: ~200,000 companies, 1.2 million jobs, ~€170 bn (US$187 bn) turnover.

Brazil: 25,700 companies, 1.3 million workers, US$40.9 bn turnover; Argentina: ~4,000 companies, 540,000 workers.

The groups reaffirm commitment to implementing the agreement and strengthening both blocs globally.