The EU has already concluded trade agreements with almost all other Latin American countries. The guarantee of an agreement with the Mercosur countries allows us to further expand preferential access to EU exporters and strengthens our political relations with all Latin American countries. The EU has negotiated a trade agreement with the four founding countries of Mercosur (Southern Common Market) – Argentina, Brazil, Paraguay and Uruguay. Here you will find out what is in it, what the effects will be and how we will reach a final agreement. The European Commission concluded negotiations on the EU-Mercosur trade agreement in June 2019, with no tangible evidence of the social and environmental impact of the agreement. That is why the Veblen Institute, the Nicolas Hulot Foundation, Clientearth, Fern and the International Federation for Human Rights are filing a complaint with the EU Ombudsman. The agreement includes commitments on sustainable fisheries and sustainable forest management. With this agreement, Mercosur governments are committed to simplifying and simplifying business activities in their countries by improving the business climate. They will do so through more predictable and transparent procedures and regulations and by improving access to their market.
This will help them attract more investment from Europe and the rest of the world. According to Jonathan Watts, ”the negotiations lasted nearly two decades, which may explain why the result signed last week reflects the industry-friendly values of the past rather than the environmental concerns of the present.”  According to an editorial in the Irish Times, ”EU countries are committed to achieving net zero carbon by 2050, but this will not be significant if the world`s largest carbon sink is destroyed.”  Former French environment minister Nicolas Hulot condemned the agreement in an interview with Le Monde, saying it was ”totally contradictory” to the EU`s climate targets and warned that it would further destroy the Amazon rainforest.  The Financial Times expressed concern that ”the EU-Mercosur agreement will not nullify climate efforts”.  Like all trade agreements between the EU and Mercosur, governments on both sides are completely free to manage the distribution of water or other essential services as they see fit. They always decide whether these services are part of the public or private sectors. The agreement between the EU and Mercosur is no different. The agreement will create the conditions for European consumers to choose from a wider and more affordable range of products and services. The potential impact of the agreement on the environment, in particular the fact that it could be a setback in the fight against climate change, is also of concern.  The Amazon rainforest is one of the largest carbon sinks in the world.  But the amount of carbon that the Amazon absorbs and stores each year from the atmosphere has decreased by about a third over the past decade.  This decline in the Amazon carbon sink amounts to one billion tonnes of carbon dioxide, more than double the UK`s annual emissions.
 Since the election of Jair Bolsonaro as President of Brazil, deforestation in the Amazon has worsened.  Deforestation in the Amazon is now at its highest level in a decade, with deforestation increasing by 13% in 2018.  Thanks to the EU trade agreement on Mercosur, which has more than 260 million consumers and an annual GDP of 2,200 billion euros, Mercosur is the fifth largest economy in the EU.