#22026X00875Notice of the European Commission on EU-Mercosur Trade Agreement
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law allows the European Union to accept Mercosur certificates of origin for goods under a new trade agreement for up to three years. This is significant for businesses importing goods from Argentina, Brazil, Paraguay, and Uruguay, as it simplifies compliance with trade rules. The period may extend to five years, ensuring smoother import processes during this transition.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- EU accepts Mercosur certificates of origin for three years
- Possible extension to five years
- Simplifies trade compliance
Obligations
What this law requires
Importers must obtain a Mercosur certificate of origin indicating that imported products comply with the origin requirements established under the EU-Mercosur Agreement.
Mercosur must send the form and formalities of the certificate of origin to the European Commission.
The certificate of origin must include a declaration by the producer or the exporter stating compliance with the origin requirements specified in the Agreement.
The issuing authority must certify the authenticity of the Mercosur certificate of origin in accordance with the provisions of the Agreement.