A special evaluation of the survey shows: Although the trade volume with Mercosur countries accounts for just one percent of Germany's overall trade, every third company in Germany expects positive effects from the agreement on their business activities. 

"The agreement could make it easier for German companies to access a market with over 260 million consumers and open up new business opportunities," emphasizes Volker Treier, Head of Foreign Trade at the German Chamber of Commerce and Industry (DIHK). 

In particular, the reduction of tariffs with Mercosur countries Brazil, Argentina, Paraguay, and Uruguay would ease the burden on export-oriented companies. Mercosur currently imposes some of the world's highest tariffs – around 35% on cars, 14% to 20% on machinery, and up to 18% on chemicals. With a successful agreement, about 90% of tariffs between the EU and Mercosur would be eliminated. This could bring European companies annual relief of approximately 4 billion Euros – a welcome relief in times of trade policy conflicts.   

Companies see enormous opportunities 

31% of surveyed companies foresee positive effects of the EU-Mercosur agreement on their businesses. Given the relatively low trade volume between Germany and Mercosur countries, this is a noteworthy result and a clear indication of the significant potential companies associate with this market.  

Of the optimistic businesses, nearly 40% expect facilitated market access and reduced trade barriers. Around 29% anticipate cost reductions through lower tariffs. About a quarter plan to expand or initiate export activities. Many companies also see advantages in diversifying their supply chains, and several businesses are even considering new investments in Mercosur. Some individual companies have concerns about increased competition.

Despite its potential, the Mercosur market cannot easily replace trade with the USA, says Treier: "The EU's trade volume with the USA is about ten times larger than that with Mercosur countries." Nevertheless, the agreement represents an essential opportunity to strengthen trade relations and access new sales markets. 

In particular, the field of raw materials and renewable energies offers substantial opportunities and cooperation possibilities in Latin America – especially in the Mercosur area. "Latin America is not only an important market for the German economy but also a promising investment location," explains Treier, Head of Foreign Trade at the DIHK. "The availability of critical raw materials and sustainable energy plays a central role. Green energy projects can open new strategic partnerships."

For stable, balanced supply chains

Closer cooperation with the region helps, in the DIHK's opinion, to reduce geopolitically risky dependencies. Access to lithium and other raw materials as well as cooperation in hydrogen projects could significantly drive Germany's economic transformation while simultaneously reducing unilateral dependencies. 

Furthermore, reliable trade partners are more important than ever for the EU in geopolitically tense times. Companies need stable supply chains and free trade. "Free trade agreements offer urgently needed planning security," states Treier. Their goal: Reduce trade barriers and facilitate the flow of goods between countries. 

However, the agreement between the EU and Mercosur is not yet finalized. "It is now crucial for the German government to advocate for political support and swift implementation at the EU level," urges Treier. At the same time, he points out a fundamental problem: the declining competitiveness of European companies. "Here, the EU needs to act urgently beyond new trade agreements: reduce bureaucracy, lower energy costs, and secure skilled workers."