Compliance

Tracklab, a key partner in the EU-Mercosur free trade agreement

The Mercosur free trade agreement (which notably includes Argentina, Brazil, Paraguay, and Uruguay) and the European Union aims to facilitate trade by reducing both tariff and non-tariff barriers. However, it also brings challenges related to compliance, traceability, and managing regulatory requirements, particularly in the agri-food sector.
Published on
November 21, 2024

The Mercosur free trade agreement (which notably includes Argentina, Brazil, Paraguay, and Uruguay) and the European Union aims to facilitate trade by reducing both tariff and non-tariff barriers. However, it also brings challenges related to compliance, traceability, and managing regulatory requirements, particularly in the agri-food sector.

In this context, Tracklab represents a major asset for European and South American companies seeking to leverage this agreement, thanks to its capabilities in managing and tracking suppliers and raw materials. Here’s why:

1. **Supplier Management in a Complex International Context**

The Mercosur agreement enables large-scale import and export of agricultural and food products. However, working with foreign suppliers requires ensuring that they comply with:

  • Food safety standards (often based on GFSI benchmarks such as IFS or BRCGS).
  • The specific regulatory requirements of both economic blocs (European or South American standards).
  • CSR criteria (Corporate Social Responsibility), particularly regarding environmental impact and respect for human rights.

Tracklab simplifies this process by providing a centralized database where all information about suppliers and raw materials is consolidated. This offers:

  • A global vision of quality, regulatory and technical data.
  • Increased ability to analyze supplier compliance

2. Optimization of document renewals

In an international framework such as Mercosur, where the actors are numerous and geographically dispersed, the monitoring and renewal of regulatory and quality documents can be time-consuming.

Tracklab automates the document renewal process , allowing:

  • To significantly divide the time spent collecting, renewing and verifying documents.
  • To improve collaboration with suppliers through a user-friendly and accessible platform.

This is particularly crucial for companies managing a wide variety of suppliers, often from countries where administrative processes can be lengthy and complex.

3. Use of Artificial Intelligence to gain efficiency

The Mercosur agreement introduces different standards depending on the geographical areas . This makes the process of verifying supplier documents even more tedious.

Thanks to its on-board artificial intelligence , Tracklab allows you to:

  • Pre-validate supplier documents according to custom rules (e.g. compliance with European or South American standards).
  • Automatically extract data from documents (such as certifications, data sheets or attestations), reducing human errors and speeding up processes.

These features are particularly useful for companies handling large volumes of documents, ensuring rapid and compliant data management within the framework of exchanges facilitated by the Mercosur agreement.

4. Reduction of risks associated with new markets

Access to new markets within the Mercosur framework implies risks of non-compliance , in particular for:

  • The strict health standards of the European Union.
  • Mercosur's specific requirements for agri-food products.

With Tracklab, companies can:

  • Ensure complete traceability of raw materials and suppliers.
  • Quickly identify non-conformities and act before they impact business relationships or lead to sanctions.

5. Practical case: Simplified management for agricultural products

For example, for a European company importing fruit or meat from Brazil or Argentina, Tracklab can:

  • Automatically verify health and environmental certifications of South American suppliers.
  • Ensure that raw materials meet European standards .
  • Effectively manage document updates to ensure continued compliance in an ever-changing regulatory environment.

Conclusion: Tracklab, a key partner to maximize Mercosur opportunities

The Mercosur Free Trade Agreement opens up considerable business opportunities, but it also imposes logistical and regulatory challenges. Tracklab helps companies address these challenges through:

  • Centralized and automated management of supplier data.
  • Integrating artificial intelligence to accelerate data verification and extraction processes.
  • Enhanced traceability and compliance, essential to thrive in an international framework.

With Tracklab, companies can not only comply with the requirements of this agreement, but also gain efficiency and competitiveness in international markets.

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