Mercosur looks to finalise trade deal with EU by year end

Posted on: 01/08/2017

At its biannual summit last week, South American trade bloc Mercosur confirmed that it intends to finalise an agreement with the EU by the end of the year. But experts warn that this timeframe might be too ambitious for a full-blown deal. EURACTIV Spain reports.

In its final declaration, signed in the Argentine city of Mendoza, Mercosur members Argentina, Brazil, Paraguay and Uruguay highlighted that renewed talks with Brussels are one of the bloc’s most successful recent advances.

Plans for a Mercosur-EU deal date back to a cooperation agreement signed in 1995 that entered into force in 1999 but talks only began in earnest in Buenos Aires in April 2000. Since then, 28 rounds of negotiations have been held, with various impasses that have lasted for years.  READ MORE

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