EFTA–Mercosur: Unlocking New Trade Opportunities for Industrial Goods

Switzerland, Norway, Iceland, and Liechtenstein are strategically expanding their presence in Latin America through the promising EFTA–Mercosur trade agreement. By significantly reducing tariffs on machinery, pharmaceuticals, and precision instruments, the agreement aims to strengthen economic ties between these influential regions.

The European Free Trade Association (EFTA), consisting of Switzerland, Norway, Iceland, and Liechtenstein, promotes free trade and economic integration among its members and global partners.

The southern Brazilian state of Santa Catarina stands out as a key beneficiary, leveraging its advanced infrastructure, robust industrial sectors, and efficient logistics. Renowned for excellence in manufacturing,particularly in precision engineering, healthcare equipment, and machinery,Santa Catarina serves as an ideal gateway for innovative European technologies entering Brazil.

This agreement aligns perfectly with the strategic interests of companies seeking to capitalize on Santa Catarina’s industrial capabilities and Brazil’s expansive market. Beyond improved market access, it offers opportunities for collaborative innovation, technology transfer, and strengthened supply chains.

As negotiations approach a critical milestone at the upcoming Mercosur summit, industries on both sides of the Atlantic anticipate transformative benefits, ushering in a new era of European-Latin American trade cooperation.

Forvm International Trading assists businesses in fully leveraging these emerging opportunities. If you're interested in exploring these opportunities further or have questions about entering the Brazilian market, contact Forvm today. We're here to help you succeed!