The EU–Mercosur Interim Trade Agreement (ITA) began provisional application on 30 April 2026, following Paraguay's ratification in March 2026 as the final Mercosur country to approve the pact — concluding over 25 years of negotiations. (European Commission DG Trade) The agreement immediately delivers or schedules first-round tariff cuts on a range of agri-food products, including EU wine, spirits, and olive oil exported to Argentina, Brazil, Uruguay, and Paraguay, while opening EU markets to Mercosur agricultural goods under managed tariff-rate quotas. (EFE News) The provisional application pre-dates full European Parliament ratification, giving food exporters on both sides an early window to act on preferential rates.
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Provisional application of EU–Mercosur is the working version of the agreement — the one that actually changes invoices, even though full ratification is still ahead. For brands and distributors moving CPG-food product between Europe and the Southern Cone, the practical question is whether your current supplier contracts, certificates of origin, and Incoterms reflect the new tariff lanes. They typically do not, and the cost of inaction is paid line by line.