Taking into account the progress made in the last decades up to June 2019, MERCOSUR and the European Commission have been engaged, since 2023, in an intense process of negotiations, aiming at adjusting the agreement to the challenges faced at the national, regional and global levels. In the last two years, both sides took part in seven rounds of negotiations, among other meetings, and committed to reviewing any relevant matter.

In light of the progress achieved since 2023, the Partnership Agreement between MERCOSUR and the European Union is now ready for legal review and translation. Both blocs are determined to carry out such activities in the next months, with a view to the future signing of the agreement.