Europe agrees to Mercosur talks

22 June 1999

Europe agrees to Mercosur talks

EUROPEAN Union foreign ministers have agreed a mandate for the EU Commission to begin negotiating trading agreements with the Mercosur countries and Chile.

The ministers have agreed that talks can begin immediately on removing non-tariff barriers.

The EU has also agreed that negotiations on tariffs and liberalising services should begin on 1 July, 2001.

It wants the talks to be held in parallel to trade liberalisation negotiations under the auspices of the World Trade Organisation.

Spain, despite a strong interest in protecting its own agriculture, pushed for a start to be made on negotiations with the South American trading bloc.

  • Financial Times 22/06/99 page 6

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