Mercosur-EU trade deal enters into force: key changes for Brazil

On 2026-05-01, the Mercosur-EU trade agreement entered into force, according to Deutsche Welle's Portuguese coverage. The article says tariffs will be reduced or eliminated on 95% of Mercosur goods and 91% of EU goods, with some Brazilian import duties on EU products zeroed immediately. It also notes phased transitions over up to 15 years for Mercosur and 12 years for the EU, with vehicles taking up to 30 years in some cases.