Author: eub2

eub2 is the default publisher for EUbusiness.

Ursula von der Leyen - Mercosur - Photo © European Union 2024

After 25 years of negotiation, the EU and the Mercosur countries (Brazil, Argentina, Paraguay and Uruguay) concluded the EU-Mercosur trade deal negotiations in Montevideo on Friday. The agreement was hailed as an “historic milestone” by the European Commission president Ursula von der Leyen. “EU-Mercosur is the biggest agreement ever, when it comes to the protection of EU food and drinks products. More than 350 EU products now are protected by a geographical indication. In addition, our European health and food standards remain untouchable. Mercosur exporters will have to comply strictly with these standards to access the EU market. This is…

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Deforestation - Image by Robert Jones from Pixabay

Companies will have an extra year to adapt to new EU rules to prevent deforestation, which will ban the sale of products sourced from deforested land in the EU, following the EU Parliament and Council’s provisional agreement. The Deforestation Regulation entered into force on 30 June 2023. When the rules enter into application, all relevant companies will have to exercise due diligence if they place on the EU market, or export from it, palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as some of its derived products (such as beef, furniture, or chocolate). Under the EU Deforestation…

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Big business - Image by Barbara Cascao from Pixabay

The EU had around 33 million enterprises in 2023, employing 163 million people, registering a net turnover of over EUR 38 trillion. They represented no more than 0.2 percent of the total number of enterprises in the EU’s business economy. Large enterprises are classed as having more than 249 employees. According to the set of figures released by Eurostat, the EU’s statistics agency, they are bno more than nly 0.2% of the 53,000 enterprises in the EU’s business economy. However, they do employ more than a third of the labour force (58.4 million persons, 36%) and generated more than half (51%) of the net turnover…

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