Cyprus Times

Cyprus Did Not Conduct Impact Assessment for EU-Mercosur Agreement

Published January 20, 2026, 16:11
Cyprus Did Not Conduct Impact Assessment for EU-Mercosur Agreement

The Ministry of Commerce has announced that Cyprus did not conduct an impact assessment for the EU agreement with Mercosur, as, according to Minister Michalis Damianou, this is not the usual practice for member states. The Minister stated that studies have been carried out by the EU itself and that Cypriot data do not indicate a significant impact. However, Members of Parliament, such as Charalambos Theopemptou, pointed out that other countries, such as Ireland, Belgium, and France, have already conducted similar studies. The President of the Agriculture Committee, Yannakis Gavriel, expressed the view that the agreement is harmful to Cyprus's primary sector. The Minister described the agreement as “strategic” for the EU, emphasizing that it expands trade opportunities. He stressed that Cypriot consumers will benefit from reduced prices, while sectors such as shipping and pharmaceuticals will benefit from exports. Regarding agriculture, the Minister stated that imports and exports with Mercosur countries are limited and that there are safeguard clauses to protect the Cypriot economy.