Convergencialatina
Tuesday, July 30, 2019

E-commerce and Knowledge-Based Services, axes of the impact of the Mercosur-EU agreement in the ICT sector

Argentina and Brazil must adapt their productive sectors to achieve significant increases in their exports. In the case of electronic commerce, this is the first agreement in which Mercosur as a whole assumes commitments and recognizes the need to create a corresponding regulatory framework.

The strategic partnership between the Mercosur and European Union blocs implies the integration of a market of 773 million inhabitants, almost a quarter of the GDP (world's Gross Domestic Product), and more than US$ 100 billion of trade bilateral goods and services. The agreement document provides that more than 90% of the exports of each block obtain tariff benefits in a maximum period of ten years, with few exceptions.

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