EU Commission officials are in Montevideo in Uruguay to reconvene the trade talks with the Mercosur trading bloc.
South Korea and the South American trade block Mercosur will launch their formal trade negotiations in Uruguay.
Negotiators of a free trade deal between the European Union and South American bloc Mercosur want to wrap up by September, but differences over beef, sugar and the auto industry could dash those hopes.
The heads of state from Mercosur’s member nations will attend high-level talks with the Pacific Alliance trade bloc.
Despite EU and Mercosur countries remaining committed to reaching a trade agreement, the European Commission did not endorse the South American bloc’s target to reach an agreement by September.
Singapore and the South American customs union Mercosur have started negotiations for a free trade agreement.
A free trade agreement between the European Union and Latin American bloc Mercosur is close to being concluded, with a final push over the line seen by early September.
European companies are urging the European Union to accelerate trade negotiations with Mercosur bloc, in a sign of concern that the 20-year talks could once again fall dormant if they do not reach an accord this week.
Talks on a trade deal between the EU and South American Mercosur bloc are heating up this summer.
Foreign Ministers of the Common Market of the South (Mercosur) will meet with the European Union on July 18 in Brussels to discuss aspects of the trade agreement.
The Mercosur bloc of four South American nations has offered to cut import tariffs on European Union cars by 50 percent .
Uruguayan Foreign Minister Rodolfo Nin Novoa announced that the trade agreement between the Common Market of the South (Mercosur) and Canada includes a chapter on the promotion of women in that area.
Argentine President Mauricio Macri and Uruguayan counterpart Tabare Vazquez agreed that the Mercosur bloc should pursue trade accords with Asian countries and Canada.
Uruguayan President Tabare Vazquez called on member countries of the Southern Common Market (Mercosur) to renew trade talks with China.
Trade negotiators for the EU and Mercosur resumed formal talks last week, with officials announcing “constructive progress” thereafter while stopping short of announcing a timeframe for concluding the long-awaited trade deal.
The trade agreement currently being negotiated by the EU and Mercosur will increase deforestation and accelerate the demise of European farmers by subjecting them to unfair competition.
The Irish government will not block any future trade deal between the EU and Mercosur, despite intense lobbying by the farm organisations and meat processors.
The EU and the Mercosur countries have started a fresh round of trade discussions in which both parties seek to strike an agreement on the key aspects of Geographical Indications and tariff reductions for car exports.
Sources said the countries that are part of the India-MERCOSUR PTA have been in discussions to increase the tariff lines in order to boost the trade volumes.