The EU is ‘fully committed’ to moving ahead with the stalling Mercosur free-trade deal with the South American bloc and should do so before “other actors intervene,” EU’s chief diplomat Josep Borrell said.
Brazilian presidential candidate said he should reach an agreement on a trade deal between South America's Mercosur trade bloc and the European Union within six months, if he wins October's presidential election.
After a slow year, the EU’s free trade agenda is picking up speed under the Czech EU Council presidency. Nevertheless, more momentum still seems to be on the unilateral trade measures currently being negotiated in the bloc.
European Union representatives have approached Brazil's government seeking to rekindle negotiations with South America's Mercosur bloc on a stalled trade agreement.
The recent Mercosur summit revealed strains in the bloc. As Uruguay moves for a free trade agreement with China, other members discuss consequences and call for unity.
Brazilian presidential election frontrunner Luiz Inacio Lula da Silva favors reopening talks on a stalled European Union trade deal with South American trade bloc Mercosur to add provisions on environmental protection, human rights and technology.