Failure of EU-Mercosur trade deal would be a "missed opportunity," says German trade federation

BERLIN, Dec. 5 (Xinhua) -- A failure to conclude the trade agreement between the European Union (EU) and the South American trade bloc Mercosur would be a "missed opportunity," Dirk Jandura, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), said in a statement on Tuesday.

"A final collapse of the negotiations would be a major missed opportunity for both sides," Jandura said. "Without an agreement, Europe will inevitably fall behind our global competitors in Latin America in geo-economic terms."