ISDS Case Map
Mercosur
Indonesia’s trade deal with the Mercosur bloc of Argentina, Brazil, Paraguay, and Uruguay is facing a delay, as negotiations will likely start in 2024, only after the group takes care of its long-overdue pact with the European Union (EU).
Negotiators for the European Union and Mercosur discussed the next steps towards completing their long-awaited trade deal after the South American trade bloc responded to a European addendum to the agreement, officials said.
The European Union should seek to complete free trade agreements with Australia, Mexico and South American bloc Mercosur by the end of the year, European Commission President Ursula von der Leyen said.
Splits within South American trade bloc Mercosur have dampened hopes in the European Union of a trade deal, which could fall apart if it does not get done by the end of the year.
India and Brazil have joined forces to expand the India-Mercosur Preferential Trade Agreement (PTA), aiming to strengthen their economic ties.
Brazil’s president is asking for a meeting of leaders from the European Union and Mercosur to decide on a trade deal this year, during his presidency at the South American bloc.
Brazil's Foreign Minister Mauro Vieira said the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay has sent the European Union their position on a European addendum to their long-awaited trade agreement.
South American trade bloc Mercosur will have its counterproposal to a European Union addendum to their long-overdue trade accord ready in September, Brazil's Foreign Minister said.
The Brazilian president delivered a message to industrialized nations at a climate summit in Belém, arguing they should ‘pay their part so we can revive part of what was ruined’
At the margins of the EU-CELAC summit, EU and South American leaders reiterated their ambition to finalise an agreement by the end of 2023, though sustainability and agricultural market access concerns continue to pose challenges.
