Latinnews Daily - 11 December 2017

Region: The presidents from the four Southern Common Market (Mercosur) founding member countries - Argentina, Brazil, Paraguay, Uruguay – have announced agreement on a new common strategy for concluding the long-running negotiations with the European Union (EU) over a bilateral trade agreement. The announcement was made after the four leaders held a meeting on the side-lines of the XI ministerial conference of the World Trade Organization (WTO), which is currently being held in Argentina’s capital, Buenos Aires. The Mercosur presidents said that they all agreed on the need to conclude the negotiations that have been ongoing since 1999 and expressed hopes that this could finally be achieved at the next negotiating round due to be held in Brazil from 20 December. Separately, Argentina’s foreign ministry announced that Mercosur representatives held a meeting with counterparts from South Korea on the side-lines of the WTO conference in which both sides expressed an interest in negotiating a bilateral trade agreement.  

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