From the Sector

26 European business associations, representing a wide array of industries and businesses, express their full support for the swift ratification of the EU-Mercosur Partnership Agreement:

Together, the associations’ members cover a significant portion of the total trade in goods and services of over 153 billion euros in 2024 between the EU and the Mercosur region, as well as the approximately 380 billion euros of mutual investment in our two regions in 2023. In this unprecedented time when the rules-based global order is being critically undermined, this free trade agreement represents a beacon in the EU’s diversification strategy. It is therefore a critical element in ensuring the EU’s long-term competitiveness. 

By 2040, according to DG Trade’s calculations, the agreement is expected to add 77.6 billion euros to the EU GDP and 9.4 billion euros to the Mercosur GDP. At the same time, the agreement will result in a 39% increase in EU exports to Mercosur and a 17% increase in Mercosur exports to the EU. 

The EU-Mercosur is a modern agreement, driven by modern principles. It will deliver increased market access and improved access to resources, while preserving key sectors in European domestic markets, diversifying secure supply chains, and fostering investments for both sides. It will also help to deepen the cooperation on sustainable development, in areas such as fighting climate change, preserving biodiversity, and advancing labour and social rights. 

European businesses wholeheartedly support the EU-Mercosur Agreement and call on the Council and European Parliament to swiftly ratify the EU-Mercosur interim Trade Agreement (iTA) and the EU-Mercosur Partnership Agreement (EMPA). To this end, it is key to streamline the ratification process and to ensure timely completion and avoid procedural delays. This is a crucial opportunity for Europe which will support growth and prosperity for one-fifth of the global economy – benefiting about 750 million people. 

The Mannheim-based retailer engelhorn announces it has expanded its collaboration with Tommy Hilfiger, with extensive updates to the brand’s shops in the “Mode im Quadrat” department stores in Mannheim and in Viernheim. At the heart of the redesign is Tommy Hilfiger’s latest store concept, which offers contemporary brand staging in a modern, customer-focused environment.

Fabian Engelhorn, CEO of engelhorn Group, highlights the significance of the collaboration: “On our 135th anniversary, we are showcasing what has always made us strong: close and trusting cooperation with our industry partners. In a time of great challenges in retail, this solidarity is more important than ever – and we are very grateful for it. Together, we have implemented new store designs in Mannheim and in Viernheim, with the Tommy Hilfiger space as a prime example. In mid-September, our first Gridx experience world in Luxembourg will mark another milestone full of inspiration and extraordinary shopping.”

“The partnership with engelhorn is an impressive demonstration of how strong brand expertise and local retail success can go hand in hand,” emphasizes Peter Kurre, Senior Vice President, Market Leader West, PVH Europe.

At “Mode im Quadrat” in Mannheim, the Tommy Hilfiger menswear space has been expanded to nearly 165 square meters in a prime ground-floor location that is characterized by maximum visibility and brand strength. With this step, engelhorn and Tommy Hilfiger once again underline their shared vision: to stage fashion in inspiring spaces and to delight customers through quality, innovation and collaboration.