The European Commission has said it will continue negotiations on an association agreement with Mercosur even if Venezuela finally becomes a full member of the group and will address the issue on a “region to region” basis.
Spain’s Foreign Affairs minister Jose Garcia Margallo said that Madrid supports negotiations for a free trade agreement between Mercosur and the European Union on a “region to region” basis, back stepping from his proposal last April to exclude Argentina following the seizure of YPF from Repsol.
A new round of talks between the European Union and Mercosur is scheduled to begin Monday in Brussels for a week, according to a press release from the Argentine Foreign Affairs.
European and Latin American personalities underlined the peril of falling prey to short term results and forget the long term relation between the two regions which is expected to be re-launched following the French presidential election next April.
The European Union and Mercosur are hopeful they can reach a trade agreement before the end of the year said the EU High Representative for Foreign Affairs and Security Policy, Catherine Ashton during her visit to Brazil.
European Union and Latin American leaders called for a quicker pace in concluding the EU/Mercosur cooperation and trade negotiations. The statement took place during the meeting in Brussels of the Euro-Latinamerica Parliamentary assembly.
The seventh round of Mercosur/EU trade negotiations held in Montevideo ended with “progress in some areas at regulation and norms levels” and with the commitment of exchanging proposals in mid 2012, according to Joao Aguiar Machado head of the EU team.
The worsening of the world crisis is a factor that plays in favour of advancing negotiations for the European Union and Mercosur cooperation agreement and strategic association, said Socialist Euro Deputy Luis Yañez from Spain currently visiting Montevideo.
In the current global context “it’s hard to see an advance in the free trade negotiations with the European Union” said on Wednesday the block’s High representative Ambassador Samuel Pinheiro Guimaraes.
Britain’s House of Commons strongly supports a closer bilateral relationship with Brazil, which it describes as a democratic, well governed, responsible state but regrets the hardening position of Brazil towards the Falklands and the HMS Clyde incident.