Eu South America Trade Agreement

The scope of the agreement is very broad. [9] 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. [2] Legal safeguards are introduced to protect 357 European food and beverage products against counterfeiting, including Prosciutto di Parma and Fromage de Herve. [3] Customs procedures are also simplified under the Agreement.