Countries making up the South African Customs (SACU) Union have signed a preferential trade agreement with Mercosur, South America’s trading bloc. However, trade negotiations with the US have run into problems.
Mercosur and European Union negotiators resumed Monday in Brussels discussions with the purpose of reaching a much delayed free trade agreement between the two blocks. Meantime in New Delhi a framework trade understanding was signed with India.
India has signed a free trade deal with the South American Mercosur bloc to boost trade. The trade agreement flows from the customs duty accord and now grants reciprocal tariff reductions on 450 items and greater market access.
Caricom and Mercosur officials held talks Friday about establishing a free trade agreement by the end of the year.
United States is not interested in reaching an agreement with Mercosur and prefers to concentrate in the Free Trade Association of the Americas, FTAA, said Peter Allgeier Washington’s Trade Representative.
The fifth annual World Social Forum will take place Jan. 26-31 in the southern Brazilian city of Porto Alegre amidst an upsurge in Latin American sub-regional integration efforts, bolstered by the obvious failure of the project to create the hemisphere-wide Free Trade Area of the Americas (FTAA).
This report looks at major Customs Unions, Free Trade Areas, and economic
association agreements around the world, with particular attention to any clauses
covering social issues, core labour standards and trade union participation.
South Korea and Brazil have agreed to launch a joint feasibility study into signing a Free Trade Agreement between South Korea and the South American common market of Mercosur.
Declaration from the Social Movements and Civil Society organisationss from the Mercosu
While negotiations for a Free Trade Area of the Americas (FTAA) remain on hold in relation to the US elections, the governments of the Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) are hastily negotiating a free trade agreement (FTA) with the EU that is also harmful for the region.
Talks between the European Union and the four-nation South American Mercosur trade bloc, aimed at building the world’s largest free-trade area, will be extended into 2005
South America’s two large trade blocs, the Mercosur and Andean Community of Nations (CAN), have signed an agreement to phase out all import tariffs over the next 15 years, with a view towards eventually creating an immense free trade zone in the region.
The European Union and Mercosur will resume trade negotiations today and decide whether the association agreement — an “utmost geo-strategic and commercial interest” for Brussels — can be reached before November 1 when a new team of European Commissioners takes over in Brussels.
Synoptic review of what is happening with US trade talks on agriculture, outside the WTO
From September 20th to 24th the negotiators for Mercosul
[Mercado Común del Sur] met in Brussels. Among them were the
negotiators from Brazil and the European Union to make bids on
tariffs and integration processes.
No one is admitting it publicly, but there is now little doubt that nine years of negotiations to reach a free trade agreement between South America’s Mercosur trade bloc and the European Union have failed, without even leaving any real hope for the coming year.
In the on-going negotiations for an EU-Mercosur Association Agreement, the EU has today sent Mercosur a completed offer.
South Korean President Roh Moo-Hyun will meet with Latin American leaders next months to seeka free trade agreement, local press reported Tuesday.
Brazilian Foreign Minister Celso Amorim said Monday that differences over agriculture and other issues had made it impossible for negotiations to be completed over a free trade agreement between the European Union (EU) and the Common Market of the South (Mercosur) by Oct. 31, the original target date.
Since the end of 1999 the Common Market of the South (MERCOSUR) and the European Union (EU) have been negotiating a biregional free trade agreement. Apart from the two initial negotiation pillars, “political dialogue” and “cooperation,” the negotiations are about the liberalization of market access.