Friday, January 4th 2013 - 22:15 UTC

EU expects to advance trade talks with Mercosur late this month in Chile

The European Union expects to advance cooperation and trade discussions with Mercosur late this month in Chile in the sidelines of the EU/Celac (Community of Latin American and Caribbean States), said EU ambassador in Chile, Rafael Dochao Moreno.

EU/Peru and Colombia free trade agreements will be ratified during the summit, said Ambassador Dochao

Although the EU/Mercosur agreement is not expected to be finalized at the 26/27 January summit, “it will be a chance to discuss the points that are currently blocking the agreement on free trade”, said the ambassador.

The 27 members of the EU and four from Mercosur resumed free trade negotiations in May 2010 following six years in which talks were stalled because of EU criticisms to Mercosur tariffs on manufactured goods and services, while the South American block complained about European farm protectionism and subsidies.

Both blocks must also address the current trade disputes which have reached the World Trade Organization, WTO, mainly involving Argentina and reciprocal claims of restrictions to the free flow of goods.

“We’re waiting for calmer waters to keep advancing” said ambassador Dochao ahead of the summit which will bring together leaders from the EU 27 members and Celac’s 33, which for the first time will be acting as an international group.

Ambassador Dochao also advanced that during the two day meeting, EU and Peru and Colombia will ratify and agree on the beginning of the bilateral free trade agreements.

“These are the ‘latest generation’ of free trade agreements and signal how future relations with Latin American countries should be displayed”, said Dochao, who added that in 2010 EU members invested 385 billion Euros in Celac members, which represents 43% of foreign investment in the region.

According to Dochao, European Commission president Jose Manuel Durao Barroso, the head of the European Council Herman von Rompuy and EU chief diplomat Catherine Ashton will be attending the summit at the end of January. Presidents Mariano Rajoy and François Hollande, from Spain and France will be arriving in Santiago a day before the summit for official visits to Chile.

10 comments Feed

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1 ProRG_American (#) Jan 05th, 2013 - 12:21 am Report abuse
Good news and good luck.
2 andy65 (#) Jan 05th, 2013 - 12:40 am Report abuse
Argentina being the problem as usual
3 huynhhai (#) Jan 05th, 2013 - 02:21 am Report abuse
4 Pugol-H (#) Jan 05th, 2013 - 02:21 am Report abuse
@1 ProRG_American
Good news for who?????

Errrr, Bi-lateral trade agreements with who??????

Sounds like parts of the rest of S America are moving on, and leaving Argentina and other parts of S America behind.

Brazil will be next.

Sorry, Argentina who????
5 KFC de Pollo (#) Jan 05th, 2013 - 04:54 am Report abuse
Uruguay and Paraguay to break first i bet.
6 Vuggevise (#) Jan 05th, 2013 - 02:08 pm Report abuse
Dream on! There will be no meaningful deal between the EU and Mercosur in its current structure ... and nor should there be.

This is where the big boys will finally start to wake up to the fact that there is only one way forward to a meaningful deal, so it will be “hasta la vista baby” to the old crippled Argentina as the rest look to protect the greater common good.
7 Brasileiro (#) Jan 05th, 2013 - 04:36 pm Report abuse
NO. In my opinion this is a trap! EU equal China. We dont need more one Chine in ours borders. They want market from theyr products, only! For example, in agrobusiness Europa dont open yours borders, so, why we need open our market to they?
8 Pugol-H (#) Jan 05th, 2013 - 05:51 pm Report abuse
@ 7 Brasileiro
Don’t worry a EU-Murcosur trade deal is not going to happen, and I think you are correct both the EU and China want to get raw materials from SA, and to send their products to SA.
9 Conqueror (#) Jan 06th, 2013 - 01:32 pm Report abuse
Yeah, well, good luck with that. Anything labelled as ”Made in Argentina/Uruguay/Venezuela/Mercosur won't get bought by anyone in the UK. As for the rest of the EU, we don't care. But as people start to get sick, injured and die, they will! Don't buy the meat! Unless you want your kids to grow an extra (empty) head. Don't buy the fruit! Unless you want your kids to grow an extra leg (from the top of their heads). Don't buy cars! Wheels are held on by cable ties. Don't buy electrics and electronics! Unless you like fires.
10 British_Kirchnerist (#) Jan 08th, 2013 - 12:40 am Report abuse
Told you Europe wouldn't delay this on the Paraguayan oligarchy's behalf for long...

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