The political agreement between EU and Mercosur includes a detailed chapter on Sustainable Development goals. The agreement recognises the need to address the urgent threat of climate change and the role trade has in this regard. It also underscores the importance of both Parties implementing the provisions of the Paris Agreement. It is fundamental that these provisions are adhered to by the Mercosur countries in order for the agreement to progress.
Now that political agreement has been reached between the EU Commission and Mercosur, Minister Humphreys will be commissioning a full economic and sustainability assessment to measure its impact. My Department will assist with that exercise.