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”:http://www.iht.com/articles/516030.html) The two sides aim to complete the negotiations by October.

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