Tourism / Hospitality
Tourism and hospitality services under the EU-MERCOSUR agreement.
Trade Volume
€ 12 Mrd
Tariff Reduction
N/A
Transition Period
5-10 years
Key Figures
€12 Mrd
Annual Tourism Volume
6.6M
EU Tourists per Year
Mode 3 (Commercial Presence)
Main Mode of Supply
ISDS
Investment Protection
Opportunities
Liberalization of tourist and hotel services
Protection of hotel investments (ISDS)
Development of ecotourism and sustainable tourism
Mutual recognition of qualifications
Risks
Political/security instability in certain regions
Complex local regulations for hotel investment
Competition from Asian/Caribbean destinations
Health risks/vaccination requirements
Strategic Recommendations
1
Promote sustainable and eco-friendly tourism initiatives.2
Harmonize and simplify investment regulations.3
Strengthen regional security cooperation and health protocols.4
Establish a framework for mutual recognition of professional qualifications.Sector Inquiry
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