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·         Mercosur-EU Trade Agreement Not Likely This Year

Unable to reach an agreement on the ethanol and beef markets, the economic blocs are not likely to sign agreement by December.

 

·         Ball in EU court on Mercosur trade deal: Uruguay

The European Union must make a better offer on opening its markets to beef and ethanol imports to seal a free-trade deal with South American bloc Mercosur, a Uruguayan official said on Tuesday…

 

 

Mercosur-EU Trade Agreement Not Likely This Year

Unable to reach an agreement on the ethanol and beef markets, the economic blocs are not likely to sign agreement by December.

 

By Lise Alves, The Rio Times

October 10, 2017

 

SÃO PAULO, BRAZIL – Although representatives from both Mercosur and the European Union (EU) continue to say they hope for an ample economic accord between the two blocs by the end of the year, the non-agreement on the trade of two agricultural products have practically stalemated negotiations.

 

“I again ask the Mercosur countries to moderate their expectations about their sensitive products,” European Commissioner for Agriculture and Rural Development Phil Hogan stated earlier this year.

 

The sensitive products Hogan refers to are ethanol and beef, multi-million dollar markets that Mercosur representatives want the EU to open to them. The EU, however, offered the South American bloc the possibility of quotas of 70,000 tons of meat and 600,000 tons of ethanol.

 

Mercosur states that these quotas are less than those offered during the beginning of negotiations, back in 2004, of 100,000 tons of meat and one million tons of ethanol.

 

The two blocs, which have negotiated an ample trade agreement for the past two decades, met for a new round of talks last week in Brasilia. Officially representatives from both sides say that they are still confident that an agreement on the main negotiation lines will be signed this year.

 

“At the moment, I am strongly committed, together with the other foreign ministers of the founding nations, to conclude an agreement with the European Union,” wrote Brazil’s Foreign Relations Minister, Aloysio Nunes Ferreira in an article published by daily Estado de S. Paulo over the weekend.

 

But local media reported...

 

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http://riotimesonline.com/brazil-news/rio-business/mercosur-eu-trade-agreement-not-likely-this-year/

 

 

Ball in EU court on Mercosur trade deal: Uruguay

 

Reporting by Philip Blenkinsop; Editing by Robin Pomeroy, Reuters

October 10, 2017 

 

BRUSSELS (Reuters) - The European Union must make a better offer on opening its markets to beef and ethanol imports to seal a free-trade deal with South American bloc Mercosur, a Uruguayan official said on Tuesday.

 

The Mercosur countries of Brazil, Argentina, Paraguay and Uruguay and the EU are entering the decisive phase of negotiations as they aim to agree the main points of a deal by year-end.

 

Europe has offered to allow 70,000 tonnes of beef and 600,000 tonnes of ethanol to enter the EU with reduced import duties, which Brazilian and Argentinian negotiators described as “disappointing”.

 

Mercosur has proposed ways of pushing forward negotiations on opening markets, but the EU has rejected them, according to a Uruguayan official who said a deal was still possible by December if the EU position shifted.

 

“It is a very frustrating situation but the ball is now clearly on the EU side,” the official said...

 

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https://www.reuters.com/article/us-eu-mercosur-trade/ball-in-eu-court-on-mercosur-trade-deal-uruguay-idUSKBN1CF1V8