European Union beef prices would be cut by more than 8% and meat production across the EU would fall in value by more than €3bn if a trade deal were agreed with Mercosur, according to preliminary assessments from an agriculture advisory body to the European Commission.
Ireland believes it looks increasingly unlikely that there will be a Mercosur-European Union trade deal before the end of the year. Mercosur and the EU resumed trade talks in May 2010 with the objective of reaching a deal by the end of 2011.
Ireland, supported by France keeps putting pressure to derail the ongoing trade talks between the European Union commission and Mercosur, reports the Dublin press.
Minister for Agriculture Simon Coveney has pressed Ireland’s anxieties about ongoing trade talks with Mercosur with agriculture commissioner Dacian Ciolos who was most receptive to Ireland’s position, reports the Dublin media.