INTERNATIONAL REGULATORY ROUND UP – MERCOSUR DEAL COULD BOOST EU-SOUTH AMERICAN CONFECTIONERY TRADE
December 16th, 2024
Confectionery and related ingredient sales between the European Union (EU) and the Mercosur countries of south America are set to rise after a trade agreement between the two blocs was finalised. A deal in principle had been held over since 2019 while details were ironed out, but these have now been resolved. Brazil, Argentina, Paraguay and Uruguay have agreed to scrap many tariffs on key EU export products. These include, for example, standard and white chocolate – Mercosur duty free quotas will expand to 1,838 tonnes/year within 11 years. And all EU-made ...
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