• The EU-Mercosur Partnership Agreement leads to a diversification of trading partners and increases resilience to multiple crises on both sides of the Atlantic. • The EU maintains significant trade protection for many agri-food products. • The changes in production within the EU are small. The most affected areas are beef and poultry production, with slight declines of up to 1.5%, while new export opportunities arise for dairy and some processed food products.
Pelikan et al. (Wed,) studied this question.