Conversations between trade blocks Mercosur and the European Union for a trade agreement resumed this week in Montevideo, according to media reports. Despite resumed talks, expectations for talks to advance are muted, according to a media report from AFP.
Mercosur sent a proposal for a trade agreement in a meeting in Brussels in July. At the time, Mercosur negotiators expected a “more flexible” attitude from the EU, a Mercosur negotiator said. Negotiations resumed amid increased uncertainty in Brazil due to upcoming October presidential elections, while Argentina struggles with its economy.
Brazil expected the European trade bloc to be more flexible with Mercosur and Brazil’s meat and sugar exports.