Argentine wineries are trying to figure out whether a trade deal with Europe will prove a boom or a bust to their vineyards, in face of highly-subsidized EU vineyards.
US President said the United States will pursue a trade deal with Latin America’s largest nation, one of the least open economies in the world.
Driven by the agreement between Mercosur and the European Union, the government is working to enable a trade alliance between the South American bloc and Japan.
With some chapters of the free trade agreement already concluded, the working groups convening this round included trade in goods and in services, investment, intellectual property.
Mercosur expecte trade agreement with the European Free Trade Association, a rich-country club, which includes Iceland, Liechtenstein, Norway, and Switzerland, to be finalized by August.
The South American trade bloc Southern Common Market (Mercosur) aims to further promote free trade among its members and trade partners, Chilean President Sebastian Pinera said
Member nations and the European Union in June agreed to a deal that will eliminate nearly all tariffs on two-way trade.
Brazilian President Jair Bolsonaro intends to propose a free trade agreement between South America’s Mercosur and the United States, once he takes leadership of the bloc, presidential spokesman Otavio Rego Barros said.
As released by the European Commission
As released by Ministry of Foreign Affairs of Uruguay
The motion condemned the trade agreement, recently agreed between the EU and four South American countries, as “a bad deal for Ireland and for the planet” and mandated the Government to oppose the deal at the Council of Ministers in the future.
The South Korean government will initiate the third trade agreement (TA) talks with four member nations of South American trade bloc Mercosur on Friday (local time) in Montevideo, Uruguay, to seek ways to increase exports to the countries.
The signing of the Free Trade Agreement between Mercosur and the European Union represents a major blow for Brazil and other Mercosur countries in national sovereignty, social rights and inclusive and sustainable development projects
Argentina is talking with Brazil about free trade deals with the United States and China, Macri said, also underlining progress on trade deals with Canada, South Korea and Europe.
The Mercosur trade bloc is in talks with other countries including Canada and South Korea regarding new trade agreements.
European farmers and environmentalists have denounced a historic trade deal signed between the EU and South American countries as a "dark moment", warning of unfair competition and dire consequences for the climate.
A blockbuster trade deal between Europe and South America remained uncertain on Thursday as key negotiators tried to clinch a breakthrough and deliver a blow against Trump-led protectionism.
While France is challenging the meat quotas provided for in the EU-Mercosur trade agreement, it plans to ratify the EU-Canada free trade agreement (CETA), which has been criticised by French beef producers.
Germany, Sweden, the Netherlands, Spain, Portugal, the Czech Republic and Latvia expressed their support of Brussels’ intention to close on a "balanced and reasonable" free trade agreement with the South American trade bloc.