South American trade block Mercosur reached a free trade agreement with four European countries, Argentine officials and Brazil's President Jair Bolsonaro said after talks in Buenos Aires.
French President Emmanuel Macron and three other national leaders warned the European Commission that a trade deal with trade bloc Mercosur could ultimately destabilize production and the agricultural sector.
Uruguay and Brazil could be prepared to go ahead with a 'two speed' trade negotiations between Mercosur and the European Union if the Argentine tariff proposal is not as ambitious as that from the rest of its members, according to Uruguayan diplomatic sources.