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EU–Mercosur Agreement Expands Trade Opportunities For Cyprus

EU – Mercosur Agreement As A Strategic Imperative

The EU–Mercosur trade agreement, currently under review by the European Court of Justice following a European Parliament decision, would establish one of the world’s largest free trade areas. The deal предусматриває phased tariff elimination on approximately 92% of Mercosur goods over 10 years.

Current EU tariffs on most agricultural and agro-food imports range between 10% and 20%. The agreement includes quota systems and safeguard mechanisms allowing temporary tariff reinstatement in cases of import surges or demonstrated harm to EU producers.

Deepening Trade Ties With Argentina

Data from Cyprus’ Ministry of Commerce for 2024 show significant reliance on Argentine soybean meal for animal feed. Imports reached €64.8 million, with Argentina covering 96.2% of Cyprus’ demand.

Imports from Brazil totaled €15.18 million, largely driven by coffee and concentrated fruit juices. Tariffs on soybean meal, currently between 10% and 14%, are expected to decline gradually to 0% during the transition period. Similar reductions apply to selected categories, including shelled peanuts and citrus products.

Brazil: A Critical Source Of Raw Materials And Industrial Goods

In 2024, Brazil supplied 80.06% of Cyprus’ imported unroasted coffee (€4.37 million) and 62.10% of concentrated orange juice imports (€6.35 million, 1.43 million kilograms).

Import duties vary by category. Coffee carries a 0% tariff, while fruit juices, footwear, vehicles, and machinery face duties ranging from 4% to 20%, reflecting broader EU trade structures.

Implications For Cypriot Exports

Cyprus’ exports to Argentina totaled €1.78 million in 2024. Machinery and mechanical equipment accounted for more than 55% of export value, followed by pharmaceuticals, plastic components, and water filtration systems.

Export volumes remain limited, highlighting the asymmetric structure of bilateral trade.

Looking Ahead: The EU – Mercosur Opportunity

The agreement предусматриває tariff elimination on approximately 91% of EU exports to Mercosur over a decade. For Cyprus, this could improve access to selected industrial and pharmaceutical products.

The economic impact will depend on implementation timelines and the ability of Cypriot firms to compete within Mercosur markets.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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