ISDS Case Map
Mercosur
The head of Business-Europe International Relations said Wednesday that a free trade agreement between the European Union and Mercosur “would not destroy European agriculture” in spite of fears from farmers.
"I know that Business Europe and CNI are strong supporters of the trade agreement and believe it will create thousands of jobs. But we are at a delicate stage of negotiations – with some voices critical of the competition it might bring."
European Union farmers could suffer losses ranking from one to three billion Euros if a trade agreement is finally agreed with Mercosur according to a European Commission evaluation paper on the impact.
Argentina became the last of five South American countries to sign onto a regional free trade agreement with Israel.
Argentine Foreign Minister Hector Timerman Saturday urged a boost to the south American country ‘s trade ties with China, saying a free trade agreement (FTA) between Beijing and the Common Market of the South (Mercosur) could be “extraordinary”.
Argentine Foreign Minister Hector Timerman Saturday urged to boost the south American country 's trade ties with China, saying a free trade agreement (FTA) between Beijing and the Common Market of the South (Mercosur) could be "extraordinary".
Argentina ratified this week the free trade agreement reached between Mercosur and Israel, the first to be signed by the South American block with an outer zone party.
In a show of the importance the Canadian government places on relations with Brazil and Mercosur the delegation includes four cabinet ministers and a cadre of business leaders. Canada has reiterated its interest in reaching a trade agreement with Brazil and Mercosur, which will be one of the main points of the recently created Brazil-Canada CEO forum.
The EU’s trade chief, Karel De Gucht, has said the European Commission remains supportive of a trade agreement with South America’s Mercosur beef trading states despite Irish opposition to a deal.
A trade agreement between Mercosur and the European Union would significantly expand European investment given the increase in bilateral trade, but ‘there’s too much fear from both sides’, according to Adrian van den Hover head of international relations for Business Europe.
