EU, Mercosur set new date for exchanging market access offers

They aim for the end of the year

11 juin 2015 à 17h46

Pouvoirs

The EU and Mercosur want to exchange market access offers by the end of the year, Trade Commissioner Cecilia Malmström and Mauro Vieira, Brazil's external relations minister, announced, on 11 June, at a press conference held on the sidelines of the EU-CELAC (Community of Latin American and Caribbean States) summit in Brussels. It remains to be seen if their joint commitment will be met this time.

Since the official re-launch of the EU-Mercosur negotiations in 2010 both, parties have on…

Background

According to Commission data, the EU is Mercosur's number one trading partner, accounting for 20% of Mercosur's total trade in 2013. EU-Mercosur trade in that year was worth 110 billion euro. Meanwhile, Mercosur is the sixth most important export market for the EU (2013 data). The EU's exports to the region have steadily increased over the last years, going up from 28 billion euro in 2007 to 57 billion euro in 2013.

EU, Mercosur set new date for exchanging market access offers

Background

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