Uruguay and Brazil presidents, scheduled to hold a bilateral meeting next 21 May in Brasilia will be addressing Mercosur issues, and advancing in the proposal that will allow the group’s members to sign bilateral agreements with third parties not belonging to the region, thus avoiding the ’consensus’ clause clamp.
Uruguay and Brazil foreign ministers Rodolfo Nin Novoa and Mauro Vieira will be meeting this week in Brasilia in yet another attempt to push forward the stalled negotiations for a trade agreement between Mercosur and the European Union
The European Free Trade Association (Switzerland, Norway, Iceland, and Liechtenstein) and Mercosur (Argentina, Brazil, Paraguay, Uruguay, and Venezuela) have agreed to initiate an exploratory dialogue with a view to possible future trade negotiations, EFTA said.
The Egyptian government expects to begin negotiations for free trade agreements with the Eurasian Economic Union, as well as with African economic blocs such as COMESA, SADEC and EALA, and to sign a deal with MERCOSUR in Latin America.
Foreign Minister Gebran Bassil signed a free-trade agreement with the Mercosur countries of Latin America, stressing the importance of maintaining good relations with the bloc.
According to Demétrio Magnoli, Brazil must become a member of trade blocs to avoid isolation, but the ideological view of the Brazilian Workers Party prevents this.
Foreign Ministers from both blocs will meet November in Chile to discuss a Free Trade Agreement by 2016.
Industry and Trade Minister Mounir Fakhry Abdel Nour said the Egyptian government is keen to activate the Egypt-Mercosur free trade agreement that Egypt has signed in 2010 with the Southern Common Market economic bloc.
Brazil will propose next Tuesday during the Mercosur summit that the group and the Pacific Alliance reach an agreement on free trade by the end of the year, according to official sources.
German Chancellor Angela Merkel assured Brazil on Sunday that she will do her utmost to bring to a successful end the 15-year-old negotiation of a free trade deal between the European Union and South America’s Mercosur trade bloc.
At the end of May Mercosur will be ready to exchange tariff-reduction proposals with the European Union, announced Brazilian Industry minister Mauro Borges who also anticipated the trade block would be holding a preparatory meeting next week in Caracas, Venezuela.
Paraguay’s foreign minister Eladio Loizaga said that there is no date for the several times suspended Mercosur summit, but a technical meeting is scheduled for next week in Montevideo when the issue, among others will be addressed. Nevertheless he insisted that the different bodies of Mercosur “are working normally”.
Argentine cabinet chief Jorge Capitanich confirmed on Tuesday ’significant advances’ in the elaboration of Mercosur’s joint proposal to exchange with the European Union for discussions on a much delayed wide ranging cooperation and trade agreement.
The European Union and the Mercosur bloc have been negotiating a Free Trade Agreement for about 15 years now and after a several-year impasse talks seemed to gather new impetus in 2010 but the opinions of pundits talking to the Herald are deeply divided about the prospects of a quick accord.
Brazilian Foreign Minister Luiz Alberto Figueiredo said Tuesday that despite recent delays, member countries of the Southern Common Market (Mercosur) are close to finalizing a trade deal with the European Union.
After 31 months of talks, 2013 was supposed to mark the time when the European Union and the Mercosur bloc were going to present their respective offers for a free trade deal all sides claim to want. Yet 2013 will end as it began —without any concrete progress.
Brazil’s government is ready to present a proposal that would put 90% of its commerce with the European Union under a free-trade agreement, but the effort could stall on resistance from the country’s existing partners in the regional Mercosur trade bloc.
Uruguayan Vice-President Danilo Astori said Mercosur must decisively address the signing of a free trade agreement with the United States, but also admits that “opportunities must be built”.
The 28-country European Union underscored the potential benefits of a free trade agreement with Mercosur and revealed that so far no country member of the group has requested to a bilateral negotiation.
Mercosur is pushing a free trade deal with Canada which, if signed, will confront Ottawa with the ticklish issue of dealing with continued U.S. embargo on the regional pact’s future partner Cuba.