Home › Archive › In the Media › iRozhlas | The EU wants to speed up trade agreements. Treaty with Latin America could save the Czech Republic billionsiRozhlas | The EU wants to speed up trade agreements. Treaty with Latin America could save the Czech Republic billions
Uncertainty over US tariffs is increasing pressure on the European Union to speed up the conclusion of long-negotiated trade agreements. The closest to completion is the agreement with the South American Mercosur grouping, which could save Czech companies up to CZK 2.2 billion a year, according to estimates. Although the agreement is de facto ready, its approval is blocked by some member states, led by France. Filip Křenek, an analyst at the EUROPEUM Institute, commented for iRozhlas.
25. April 2025
It is no coincidence that the final agreement was reached just before the inauguration of (US President Donald) Trump at the end of last year. A modernised agreement with Mexico was soon negotiated and now a modernised version of the trade agreement with Chile has entered into force. Treaty with Latin America could save the Czech Republic billions.
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