The EU and Mercosur trade relationship connects over 700 million consumers, with the EU being Mercosur's second-largest trade partner. In 2024, trade was valued at over €111 billion, with significant growth in imports and exports. The trade deal aims to reduce tariffs on various goods but has raised concerns about its impact on European agriculture and the environment. Critics fear it may lead to deforestation and harm human rights. A safeguard mechanism is included to address potential local industry injuries.