EU Commission says Mercosur trade deal a priority as it seeks new allies


  • World
  • Monday, 05 Jun 2023

FILE PHOTO: European flags fly outside the European Commission headquarters in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman/File Photo

MADRID/Brussels (Reuters) -The European Commission said that concluding the Mercosur-EU agreement is a priority, adding that Latin America and Europe should work on reducing "excessive dependency" on third countries, according to a document seen by Reuters on Monday.

Brussels is launching a political and economic offensive on Latin America to secure priority access to the region's resources - especially raw materials - identifying the region as a potential close ally in the face of "increasing geopolitical challenges", mainly the product of the Ukraine invasion by Russia.

In a communication to be presented on June 7 and seen in advance by Reuters, EU foreign policy chief Josep Borrell sets out a roadmap for concluding a number of free trade and partnership agreements with Latin American countries as soon as possible, as well as for boosting bilateral relations with Mexico and Brazil.

(Reporting by Belen Carreno in Madrid, Philip Blenkinsop in Brussels; editing by Inti Landauro and Charlie Devereux)

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

U.S. stocks close higher
Ghana ex-trade minister quits ruling party to run for president
Antarctic winter sea ice hits record low, sparking climate worries
WTI crude futures settle lower
Gold falls on strong U.S. dollar
U.S. dollar ticks up
Interview: President Xi an important partner of Olympic Movement, says IOC vice president
German minister speaks out against EU's possible protective tariffs on Chinese EVs
Poland to check vehicles crossing Slovak border amid migrant surge
African standard regulators meet in Kenya to boost cross border trade

Others Also Read