MercoPress, en Español

Montevideo, July 7th 2022 - 10:11 UTC

 

 

It's official: Mercosur and EU will exchange offers for a trade accord on 8 April

Friday, March 18th 2016 - 03:03 UTC
Full article 5 comments
“Both parties have to make concessions. Argentina is willing to do so and include more sectors, which would then be compensated if they are harmed” Braun said “Both parties have to make concessions. Argentina is willing to do so and include more sectors, which would then be compensated if they are harmed” Braun said
Braun travelled to Brussels to discuss the Mauricio Macri trade policies. His trip comes a week after EU High Representative Federica Mogherini visited Argentina Braun travelled to Brussels to discuss the Mauricio Macri trade policies. His trip comes a week after EU High Representative Federica Mogherini visited Argentina
“Uruguayan Foreign Minister Nin Novoa is coming with a proposal to exchange offers; it would be fantastic if they can get that moving then” “Uruguayan Foreign Minister Nin Novoa is coming with a proposal to exchange offers; it would be fantastic if they can get that moving then”

Argentina is willing to “make concessions” in order to move forward with a free-trade agreement between Mercosur and the European Union (EU), which will likely allow a greater export of agricultural produce, according to Argentina's Trade Secretary Miguel Braun who then reveled that trade offers will be exchanged on April 8.

 “Both parties have to make concessions. Argentina is willing to do so and include more sectors, which would then be compensated if they are harmed in any way. We want to have an agreement that benefits everybody,” Braun said. “Argentina is ready to move forward. For Mercosur, this deal is a priority.”

Braun travelled to Brussels to EU main offices to discuss the Mauricio Macri administration’s trade policies. His trip comes only a week after EU High Representative Federica Mogherini visited Argentina and confirmed they were aiming to exchange offers in April.

The two blocs officially re/launched trade negotiations at a summit in Madrid in May, 2010, and the objective since then has been to negotiate a comprehensive deal. Negotiations have been tough, with both sides seeking to ensure the deal addresses everything from industrial goods and agricultural production to services and intellectual property.

Uruguay now holds the pro-tempore presidency of Mercosur, so it will be the one to represent the bloc in the negotiations. Uruguayan Foreign Minister Rodolfo Nin Novoa will travel to Brussels on April 8 to initiate the exchange of offers between both blocs on that date, Braun confirmed yesterday.

Doing so would set out the duty-free access each side is willing to consider and then allow negotiators to draw up a trade deal designed to encompass 750 million people and US$130 billion in annual trade.

“The Uruguayan Foreign Minister is coming here specifically with a proposal to exchange offers,” Braun said. “It would be fantastic if they can get that moving then, we cannot move quickly enough.”

Mercosur has so far included 87% of total trade volume as part of its free-trade offer, lower than the 91.5% included by the EU. Difficult areas include access to Mercosur for European manufactured goods and EU access for Mercosur agricultural products, which today face high EU farm subsidies.

France, Ireland, Poland and Hungary are the European countries that have most strongly resisted the inclusion of Mercosur agricultural goods. French President François Hollande visited Argentina in February but no progress in the negotiations was reported. Nevertheless, Mercosur is keen on keeping the issue on the table.

“It’s clear that for Mercosur it’s important to include agricultural goods on the free-trade agreement,” Braun said. “We need to widen the umbrella of the discussion. Both blocs will benefit from the agreement”.

Top Comments

Disclaimer & comment rules
  • CapiTrollism_is_back!!

    Remember 2005 fellow Argentines!

    We single-handedly killed the immiment ALCA free trade of the Americas region. By our actions of taking to the streets, we not only saved ourselves, but we saved the entire HEMISPHERE, 600 million souls, from certain disaster that further integration between nations brings.

    Remember Argentines, any deal between us and the EUIANS + / - Brittos means they have more control over us, and can more easily exhort us, blackmail us, and take away territory from us in the future.

    Let's do again and say NO to further integration into free trade zones that erode our independence.

    Mar 18th, 2016 - 04:28 am 0
  • ChrisR

    TTT

    Grow up you twat!

    Back to topic: so will it take ANOTHER 15 years once the EU are involved.

    NO, of course not! When the Brits leave the EU they will be finished in 5 years and it will be the Common Market at best.

    Mar 18th, 2016 - 10:50 am 0
  • CapiTrollism_is_back!!

    Back to topic??

    The topic is what I stated, and it is completely both accurate factual and cogent intellectually.

    No more integration with EUIANS or Brittos to give them the leverage to sabotage us.

    Mar 18th, 2016 - 01:09 pm 0
Read all comments

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!