Brazil confirms Mercosur/EU are ready to exchange proposals in a month's time

Friday, May 2nd 2014 - 09:03 UTC

Full article 4 comments

Brazil confirmed this week that for the end of May or early June, Mercosur will be presenting its joint tariff-reduction proposal to the European Union for the conclusion of an ambitious, but long delayed, cooperation and trade agreement. Read full article

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GeoffWard2
The Mercosur - EU agreement covers '90%' of all traded products so, if it is effected, it will make this trade much more rewarding than Brasil's embargoed trade with Argentina.

It is to be hoped that Brasil will remove the majority of its trade with Argentina and transfer it to EU countries. The quality of EU products is massively better than that from Argentina so it seems a win win arrangement for everybody except Argentina (who Brasil tried to protect itself from itself for years; the time has come for this kissing to stop).
May 02nd, 2014 - 12:28 pm - Link - Report abuse 0
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Conqueror
It's doubtful if the mercosur “proposals” will be acceptable. And I doubt whether argieland will comply with any “agreement” for more than 12 months. One breach and argieland is OUT. Two and it ends! Nothing in latam can be trusted.
May 02nd, 2014 - 12:39 pm - Link - Report abuse 0
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Briton
Just out of interest,
if Great Britain pulls out how would this EU agreement stand,.
May 02nd, 2014 - 05:43 pm - Link - Report abuse 0
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ChrisR
It must be in the Espanol, as usual:
“(the) proposal will cover a universe of 90% of bilateral trade with the EU”

Good job it’s not a 100% or we would fall off the edge of the known universe! :o)

After soy and the rest of the agrigoods what is Brazil going to export that the EU will want?

No cars will get there from any existing EU based producer; they cannot afford to upset the market balance in Europe. I suppose some semi-finished and fully-finished generic auto parts might make it but A&P of Leamington have got the premium after-market and the Chin have got the rest.

And, it’s only taken 15 years(ish).

I do hope that Astori has made a better job of the due diligence needed than he did with the Pluna fiasco which fell at the first hurdle with the incorrect answer to “are these guys crooks”, it should have been YES.
May 02nd, 2014 - 06:01 pm - Link - Report abuse 0
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