At the end of May Mercosur will be ready to exchange tariff-reduction proposals with the European Union, announced Brazilian Industry minister Mauro Borges who also anticipated the trade block would be holding a preparatory meeting next week in Caracas, Venezuela.
One of Paraguay's priorities is to make the country the world's fifth exporter of beef by 2018, according to Industry and Trade minister Gustavo Leite. The land locked member of Mercosur currently holds the eighth position.