20 July 1998
Mercosur talks raise anxieties

STRONG concerns are likely to be voiced about plans to begin talks on a free trade agreement with Mercosur trading group countries when European Union farm ministers meet today (Monday).

The French fear farm prices would fall sharply under a free trade pact with the Latin American countries. Germany is also sceptical about the benefits of a deal.

The French want to discuss the issue even though the European Commission is yet to organised a forum for the talks.

  • Financial Times 20/07/98 page 40 (FT Guide to the week)