He Mercosur will seek to seal the delayed trade agreement with the European UnionThe bloc’s foreign ministers meeting in Asunción this Wednesday said in a joint statement.
“It will be a priority to conclude the pending aspects of the negotiations with the European Union and reach the signing of a balanced agreement for both parties as soon as possible”, indicated the Foreign Ministers of Argentina, Brazil, Paraguay, Uruguay and Bolivia.
“If the interests of each of the countries of the Mercosur and as a whole, and we reach a balanced agreement, we can continue”said the host foreign minister, Rubén Ramírez, at a press conference.
Paraguay holds the rotating presidency of the bloc founded in 1991.
In 2019, after twenty years of complex negotiations, the two blocs announced that they had reached a free trade agreement. But the pact – supported by the German industrial sector and resisted by French farmers – remains pending, amid disagreements that currently focus on the protection of the Amazon.
The tone has changed favorably after the return to power of Luiz Inacio Lula da Silva in Brazil, who promised to combat deforestation, although new conditions presented by the EU on environmental issues have created tensions between the partners of the southern bloc.
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
