As part of the restrictions that make it impossible to ratify the agreement with the European Union, he Mercosur resumption of negotiations with Canada to sign a free trade agreementas revealed by Brazilian government officials.
Although negotiations between the South American bloc “formed by Brazil, Argentina, Uruguay and Paraguay- began in 2018, the coronavirus pandemic caused them to freeze and stay in the background.
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As Brazilian officials told the CNN Brasil television signal, a team of Canadian negotiators will arrive the first week of May in the city of Brasilia to begin a new round of talksthe first for more than three years.
The expectation of the government of Luiz Incio Lula da Silva is close the deal in a few months and not prolong the negotiations for a few years, according to CNN.
In this line, The idea is that the agreement not only covers elimination of tariffs to industrial and agricultural goods, but also to areas such as services, investments, sanitary and phytosanitary measures, intellectual property and public procurement, among others..
Among the main products exported by Argentina to Canada are unwrought gold, silver and its concentrates, and wine.
According to data from the Argentinian Trade Exchange Report, the country maintains a deficit with the USMCA zone (United States, Mexico and Canada) of 152 million dollars. Exports totaled 594 million dollars, divided into 69.4% for the United States, 18.6% for Mexico, 18.6%; and 12.1% for Canada. Imports totaled $746 million, of which 75.0% came from the United States; 19.9% from Mexico; and 5.1% from Canada.
In this context, the South American bloc continues to experience serious difficulties in signing the agreement with the European Union. As a last event, Brasilia condemn attempts to Brussels add environmental commitments At export agreement.
There EU declared last month that the four Mercosur countries (Brazil, Argentina, Uruguay And Paraguayan) should commit to adopt binding measures to reduce deforestation Before I can ratify the agreement.
However, a senior Brazilian diplomat told the FinancialTimes What his country was “not at all” satisfied with the nature of the requestThis EU This was done through a side letter, to allay the concerns of some Member States.
While Brazil believe that everything new commitment concerning the environment would require renegotiate the agreementthere EU hesitate to do so fear it will give an advantage to member states and protectionists who have long opposed the deal. There European Commission He said he was waiting for the response from the Mercosur to your proposal.
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