EU offer to Mercosur

The Her­ald Tri­bune is report­ing more details on the pro­posed ‘free trade’ area. bq. Euro­pean offi­cials refused… to dis­cuss farm sub­si­dies — a top­ic also bog­ging down the Free Trade Area of the Amer­i­c­as talks. Instead, Brus­sels pro­posed a two-step approach by which it would ini­tial­ly offer Mer­co­sur more gen­er­ous import quo­tas for key agri­cul­tur­al goods, like beef, dairy prod­ucts, sug­ar and instant cof­fee. The remain­ing quo­tas would be allo­cat­ed lat­er in the ongo­ing Doha round of nego­ti­a­tions at the World Trade Orga­ni­za­tion. (“IHT”: The two sides aim to com­plete the nego­ti­a­tions by October.

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