EUBrasil regains optimism over EU-Mercosur Agreement. The time has arrived.

Cidade do Panamá - Panamá, 10/04/2015. Presidenta Dilma Rousseff participa do painel do Foro Empresarial das Américas – Unindo as Américas: Integração Produtiva para o Desenvolvimento Inclusivo. Foto: Roberto Stuckert Filho/PR

Foto: Roberto Stuckert Filho/PR. Divulgação

President Dilma Rousseff stressed the importance of the free trade agreement between Mercosur and the European Union and declared that the South American block is ready. Her statement was made during a speech at Business Forum of Americas, which is part of the program of the Summit of the Americas, held in Panama City on April 10th and 11th.

Within Mercosur, Brazil has a clear commitment to an agreement with the European Union. We are ready “said President Rousseff.

According to Luigi Gambardella, president of EUBrasil, “the statement is very important as it was the first concrete sign by Dilma Rousseff early in her second term. After so many postponements, Brazil is saying that ‘the time has arrived’ and we believe that Brazil is right: the time has arrived and we also believe that the Europeans are ready to exchange offer”.

Despite of EUBrasil optimism, there are still many obstacles to be resolved. In the current deadlock, Mercosur claims to be ready to exchange offers, but the European Commission is asking for further assurances before submitting its own. The Brazilian government refuses, hence the stalemate.

Uruguay and Brazil this week  

Tomorrow, Uruguay and Brazil foreign ministers, Rodolfo Novoa and Mauro Vieira, will be meeting in Brasilia. According to the article published in Merco Press, 13/04, the aim of the meeting is to push forward the stalled negotiations for a trade agreement between Mercosur and the European Union.

An EU-Mercosur Free Trade Agreement would be of substantial benefit to both the EU and Mercosur economies. The efforts will be joint towards a balanced, comprehensive and ambitious agreement, with the aim of concluding negotiations as soon as possible.

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