Mercosur-EU agreement strengthens the global integration of the Brazilian chemical industry, says Abiquim.
Abiquim also emphasizes that the strengthening of the commercial relationship between the two blocs is occurring at a strategic moment.
247 - The Brazilian Chemical Industry Association (Abiquim) positively assessed the conclusion of the Partnership Agreement between Mercosur and the European Union, approved this Friday (9) by the countries of the European bloc. For the entity, the understanding represents a strategic milestone for the Brazilian chemical industry by expanding access to one of the largest consumer markets in the world, stimulating new investments, strengthening innovation and promoting a sustainability agenda aligned with ESG principles.
“The agreement represents a concrete opportunity to reposition the Brazilian chemical industry in higher value-added global chains. It expands market access, encourages technological exchange, and creates a more predictable and modern environment for investments, especially in areas such as bioeconomy, renewable-based chemistry, and clean energy,” says André Passos Cordeiro, CEO of Abiquim.
According to the director, the treaty also contributes to the advancement of regulatory and governance standards in the sector. "By incorporating themes such as sustainability, intellectual property, and fair trade, the agreement reinforces responsible practices and brings the Brazilian chemical industry closer to the demands of the European market, which is fundamental for long-term competitiveness," he emphasizes.
Abiquim also emphasizes that the strengthening of the commercial relationship between the two blocs occurs at a strategic moment, in which Brazil seeks to expand its international presence, diversify its export portfolio, and promote reindustrialization with a focus on innovation and low carbon emissions. "It is a significant step towards generating skilled jobs, stimulating productive investments, and contributing to the country's economic growth," adds Passos Cordeiro.
The treaty provides for broad tariff liberalization for industrial and agricultural goods, with staggered tariff reduction periods, respecting the specificities and sensitivities of each market. The Mercosur offer covers the liberalization of approximately 91% of goods and 85% of the value of Brazilian imports from the European Union, while the European offer covers about 95% of goods and 92% of the value of imports from Brazil. The agreement also incorporates modern chapters on sustainability, government procurement, intellectual property, and new technologies.
