EU and Mercosur “very close” to reaching an accord, says top European official
November 13th 2017
The European Union and Mercosur are close to concluding a free trade accord after decades of fitful talks, an EU official said. “We’re that close to having a new association and trade agreement between EU and Mercosur,” European Commissioner for Jobs, Growth, Investment and Competitiveness Jyrki Katainen said, holding his index finger and thumb just slightly apart.
He spoke after talks with Brazilian President Michel Temer and the foreign ministers of Argentina, Brazil, Uruguay and Paraguay, which together make up the founding members of Mercosur. Venezuela is a member of the bloc, but has been suspended, while Bolivia is in the process of joining.
“At a time when some are building walls, we want to build bridges,” Temer said, as he stood with the ministers. He was clearly referring to US President Donald Trump’s drive to construct a wall along the US border with Mexico.
The two sides are working hard to complete an agreement...