European Union and Mercosur representatives analyzed the current state of negotiations for an association and free trade agreement but could not establish a date for the exchange of new proposals because the European Commission has yet not concluded the consultation process with member states to harmonize its proposal.
Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tariffs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned this week.
The world's main trading nations remain divided over a global trade deal despite a compromise plan put forward by the European Union to rescue the stalled Doha trade round, the EU trade chief said.
Bilateral negotiations for a trade agreement between Mercosur and European Union delegates are scheduled to resume Tuesday in Asunción, Paraguay.