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GTAP Resources: Resource Display

GTAP Resource #6403

"Impact assessment of the EU-Mercosur Association Agreement on the US economy"
by Suarez-Cuesta, David and Maria Latorre

On 2019, the European Union (EU) became the first major partner to sign a trade agreement with Mercosur (Argentina, Brazil, Paraguay, and Uruguay). In terms of dimension of the agreement, this is the biggest trade deal signed for both regions. The agreement covers a population of 780 million citizens and almost a quarter of the world’s GDP (23,5%). Related to trade, the deal addresses a progressive elimination of barriers to trade in the EU over 92% of the imports coming from Mercosur within a maximum period of 10 years. Concerning Mercosur, the region will implement a tariff relief in the 91% of the imports coming from the EU in a maximum period of 15 years. In this paper, we evaluate the EU-Mercosur trade agreement and its impact on the US.

Resource Details (Export Citation) GTAP Keywords
Category: 2021 Conference Paper
Status: Not published
By/In: Presented during the 24th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2021
Created: Suarez-Cuesta, D. (4/15/2021)
Updated: Suarez-Cuesta, D. (1/20/2022)
Visits: 1,056
- Multilateral trade negotiations
- Non-Tariff barriers
- Non-Tariff measures in services
- Trade in services
- European Union
- North America
- South America

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