Eu South America Trade Agreement
The scope of the agreement is very broad.  In addition to tariffs, it includes rules of origin, trade services, sanitary and phytosanitary (SPS) measures, technical barriers to trade (TBT), liberalization of services and investment, competition policy, subsidies, state-owned enterprises (SOEs), trade and sustainable development. This includes improving access to public procurement and intellectual property rights, including “geographical indications” or the protection of regional food specialities.  Legal safeguards are introduced to protect 357 European food and beverage products against counterfeiting, including Prosciutto di Parma and Fromage de Herve.  Customs procedures are also simplified under the Agreement.