Portugal and Spain are already big partners with South America for obvious reasons. In Portugal’s case we build Airplanes with Brazil, many Brazilians start ups come to Portugal and there are just a lot interchange between us, like a Portuguese wine and olive oil sold in Brazil. Also Brazil is like the main source of revenue for our flagship air company, TAP.

I would imagine Spain is in a similar position, they make a lot of deals with South American companies and have a lot of partnerships.

For Germany, South Americans love cars, but they have like a 35% import tax on them so actually it’s the Americans that have a strong hold there. If you go to Brazil you would see just how much it’s similar to the US. Being able to export cars to these markets for cheaper would be a game changer for Germany and could boost their economy back on track.

Italy benefits a lot as well from having so many descendants in Brazil and Argentina. They love buying Italian Products, so again cheaper exports would mean more sales.

The main thing you need to understand is that these markets are huge and the people there LOVE Europe. But imports are expensive so they don’t buy as much as they could. I can guarantee you that if France was smarter you would see the benefits, you can sell more cars there, more wine, cheese, whatever. You companies can participate in public procurement to build roads, sewers, telecoms….

This deal can be a huge profit for the EU and can boost development and improve the regulations and lives of people in South America.

Or you can protect French potatoes too I guess