Chambers Ireland has welcomed the passing of the EU–Mercosur trade agreement

Chambers Ireland has welcomed the passing of the EU–Mercosur trade agreement

Chambers Ireland and ICC Ireland have said that today’s referral of the EU‑Mercosur agreement to the European Court of Justice increases the likelihood of a missed opportunity for Irish businesses.

Speaking following the vote, Chief Executive Ian Talbot said:

“As a small, open economy that relies on stable trading relationships, today’s vote is a setback for businesses. They will now forego the numerous benefits of the Agreement for an extended period of time, all while costs and supply chain pressures increase.

The longer this process drags on, the more uncertainty they will face. Today’s vote is particularly concerning given recent tariff volatility and growing global competitiveness pressures.”

He reiterated the organisation’s call on the Government to commission an independent review of the negotiated concessions, additional safeguards and supports for sensitive sectors that have been achieved since the Programme for Government was agreed:

“While today’s vote is disappointing, it now presents an opportunity for the Government to make an objective, evidence‑based assessment of the latest iteration of the Agreement and associated commitments by the EU.

All opportunities and benefits must be fully understood so that they are strategic and aligned with our long-term economic interests. An independent review would ensure that policy decisions reflect the significant safeguards and adjustments negotiated in recent years.”