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Montevideo, March 18th 2019 - 18:26 UTC

OAS leader compares the 'dynamic imbalance' in trade talks EU/US and EU with Mercosur

Friday, March 7th 2014 - 05:02 UTC
Full article 9 comments
EU/Mercosur trade talks that have been going for seventeen years, said Insulza EU/Mercosur trade talks that have been going for seventeen years, said Insulza

The dynamic imbalance in trade negotiations is clearly evident in the case of trade negotiations of Canada and the US with the European Union, and what happens with EU/Mercosur trade talks that have been going for seventeen years, with no clear results yet, according to OAS Secretary General Miguel Insulza.

 “The clearest example we have of this dynamic imbalance in the case of trade negotiations between Canada and the European Union, and between the United States and the European Union, which have been much more significant than those between Mercosur and the European Union, that have been being negotiated since 17 years ago” pointed out Insulza during a debate sponsored by John Hopkins University on the Atlantic Basin Initiative.

“It is an imbalance to which we must pay attention to, if we want to achieve greater inclusiveness” insisted Insulza during the presentation of the document “A New Atlantic Community: Generating Growth, Human Development and Security in the Atlantic Hemisphere”

The event, held at the headquarters of the Johns Hopkins University in Washington, DC, also featured former President of the Government of Spain, and leader of this initiative of the Center for Transatlantic Relations of that educational institution, José María Aznar; former World Bank President and former U.S. Deputy Secretary of Defense, Paul Wolfowitz; the Director of Latin American Studies Program at Johns Hopkins University, Riordan Roett; the Ambassador of the European Union in the United States, Joao Vale de Almeida, and the founder the UN Millennium Campaign, Eveline Herfkens .

In his presentation, Secretary General Insulza highlighted the objectives of the Atlantic Basin Initiative and its vision to support sustainable growth, human development and security in the countries on both sides of the ocean. However, he said that there are some concerns that should be considered to maximize the potential of this venture.

Insulza called for a “mega block” of Atlantic nations that is not seen as a competition or rivalry with other blocks, but, on the contrary, one that encourages inclusion and responds appropriately to the economic and human development realities and needs of the countries that compose it, with a broad and inclusive view of globalization.

It is important to find a balance in terms of inclusion, leadership and participation between North and South on both sides of the Atlantic, a balance which does not exist today 'although most OAS member countries are located on the Atlantic side of the hemisphere and their role and participation are critical to the success of a project of the magnitude of the redefinition of the Atlantic space.

Finally Insulza called for the creation of a forum for dialogue where the main actors of developed and developing countries are involved to reach consensus and initiatives common to the entire region.

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  • ChrisR


    Is anybody surprised?

    The present bunch of numbnuts “ruling” SA couldn’t agree who would wear the feathered hat at a meeting nevermind what to say to the EU.

    It will probably be another seventeen years if Argentina: spending other people’s money since 1810 © RICO 2013 has anything to do with it.

    These presidents are so moronic it makes my teeth hurt thinking about them.

    Mar 07th, 2014 - 10:38 am 0
  • Mendoza Canadian

    You can't negotiate trade agreements with those who just want this and that and won't give up anything and insist on creating their own little worlds.

    Mar 07th, 2014 - 11:24 am 0
  • MagnusMaster

    To Argentina FTAs with first world countries are like signing a pact with the devil. Argentina just can´t survive with raw products alone, but that´s the only thing it´s competitive, so to sign a FTA with a first world country would make Argentina even more dependent on raw products than it is now. To make matters even worse, since Argentina is shut down from debt, Argentina would be force to reduce wages to below Chinese levels or else quickly run out of dollars... which would be unacceptable.

    The only way the EU would sign a FTA with Mercosur as a whole is if the Chavistas get kicked out of Venezuela and the Paris Club forces Argentina to sign a FTA. Argentina isn´t signing a FTA with the first world willingly.

    Mar 07th, 2014 - 03:06 pm 0
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