Mercosur will present a joint proposal to the European Union for a wide ranging trade agreement between the two blocks later this month, announced Brazil' Minister of Industry Mauro Borges, following a visit to Buenos Aires where he met with Economy minister Axel Kicillof and Industry minister Debora Giorgi.
Bilateral trade, Mercosur/EU talks, oil and gas cooperation, and Falkland Islands, plus some audacious comments on the coming World Cup match Uruguay/England, were some of the issues addressed by Foreign Office minister for Latin-American Hugo Swire during his one day visit to Uruguay on Wednesday.
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.
Brazil would like free-trade talks between the European Union and Mercosur to include Argentina, but would be prepared to proceed without its regional ally if an understanding can't be reached on March 7, according to the head of Brazil's farming confederation.
Trade negotiations between the European Union and Mercosur could move quickly once a technical meeting next month has taken place, EU Commission President Jose Manuel Barroso said after a meeting on Monday with Brazilian President Dilma Rousseff in Brussels and the European Council president Herman Van Rompuy.
In early March Mercosur will have readied its proposal to liberate trade to be presented to the European Union, the basis for a wide-ranging cooperation and trade agreement between the two blocks, announced Rubens Barbosa, head of the Trade Council from the Sao Paulo State Industries Federation, FIESP.
Brazilian and UK foreign ministers Luiz Alberto Figuereido and William Hague said that Mercosur and the European Union are concluding the tariffs' reduction proposals which they plan to exchange as part of the process leading to a wide ranging cooperation and trade agreement between the two blocks.
Brazil's National Confederation of Industries, CNI, supports a review of Mercosur rules such as the current impediment for member countries to negotiate trade agreements with third countries, and fervently backs an urgent full trade and cooperation agreement with the European Union.
Foreign Secretary William Hague arrived in Brazil for a three-day visit to further the strong and growing partnership between the UK and Latin Americas leading economy. This is Mr. Hague's second visit for a series of meetings and events which started at Manaus where he visited the Arena Amazonia stadium, host of England's first 2014 World Cup match against Italy on June 14.
In what was described as a shameful incident, Brazil had to retract from statements made by one of its diplomats, a condition demanded by Argentina to continue negotiations for a Mercosur common tariffs reduction proposal which was taking place in Caracas. The incident occurred last week but only came to light over the weekend.