Mercosur-EU Agreement Boosts Brazilian Exports, with Growth of Up to 421% in Select Products

In the first five months of implementation (May–September 2026), the Mercosur-EU trade agreement has driven significant export growth for Brazilian products benefiting from reduced or zero import tariffs. Key products showing gains include electrical transformers, honey, fresh avocados, and corn oil. Year-on-year comparisons with the same period in 2025 show increases of up to 421%.

WTO Members Review Safeguard Actions, Note Rise in Usage

The WTO Committee on Safeguards met on 26 October 2026 to review safeguard actions covering 39 products, including 11 steel/metal products, with members commenting on EU and UK steel safeguards. Members also discussed a possible EU investigation into hybrid vehicle imports, and Brazil proposed improvements to safeguard notification procedures.

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