BR100 Decreased By (-1.34%)
BR30 Decreased By (-1.43%)
KSE100 Decreased By (-0.87%)
KSE30 Decreased By (-0.92%)
BECO 5.67 Decreased By ▼ -0.16 (-2.74%)
BML 58.55 Increased By ▲ 0.65 (1.12%)
BOP 33.27 Decreased By ▼ -0.52 (-1.54%)
CNERGY 8.09 Decreased By ▼ -0.06 (-0.74%)
DCL 11.40 Decreased By ▼ -0.39 (-3.31%)
FCCL 52.60 Decreased By ▼ -0.89 (-1.66%)
FCSC 5.26 Decreased By ▼ -0.14 (-2.59%)
FFL 17.59 Decreased By ▼ -0.25 (-1.4%)
FNEL 1.28 Decreased By ▼ -0.02 (-1.54%)
HUMNL 10.82 Decreased By ▼ -0.29 (-2.61%)
KEL 7.91 Decreased By ▼ -0.11 (-1.37%)
KOSM 5.32 Decreased By ▼ -0.13 (-2.39%)
MLCF 85.38 Decreased By ▼ -2.02 (-2.31%)
NBP 181.70 Decreased By ▼ -2.54 (-1.38%)
PACE 11.51 Decreased By ▼ -0.11 (-0.95%)
PAEL 39.40 Decreased By ▼ -0.85 (-2.11%)
PIAHCLA 25.61 Decreased By ▼ -0.51 (-1.95%)
PIBTL 16.88 Decreased By ▼ -0.26 (-1.52%)
PPL 224.60 Decreased By ▼ -4.13 (-1.81%)
PRL 34.07 Decreased By ▼ -0.42 (-1.22%)
PTC 66.25 Decreased By ▼ -1.29 (-1.91%)
SEARL 89.23 Decreased By ▼ -1.70 (-1.87%)
SSGC 26.40 Decreased By ▼ -0.43 (-1.6%)
TELE 8.33 Decreased By ▼ -0.20 (-2.34%)
THCCL 67.56 Increased By ▲ 1.42 (2.15%)
TPLP 9.45 Increased By ▲ 0.12 (1.29%)
TREET 24.06 Decreased By ▼ -0.45 (-1.84%)
TRG 70.20 Decreased By ▼ -1.41 (-1.97%)
WAVES 10.73 Decreased By ▼ -0.25 (-2.28%)
WTL 1.26 Decreased By ▼ -0.02 (-1.56%)
World

Merkel hopes for 'fair' EU-Mercosur trade deal

Published February 4, 2017 Updated February 4, 2017 03:01pm

imageBERLIN: German Chancellor Angela Merkel said Saturday that she would work toward securing a "fair" free-trade deal between the EU and Mercosur, the South American economic bloc.

Her comments, posted in her weekly video message, came ahead of a visit by Uruguay's President Tabare Vazquez to Berlin on Wednesday.

"We are fundamentally in favour of international trade agreements, which is why we are very happy with the effort in the Mercosur countries" to reach a deal with the European Union, Merkel said.

"It's a matter of reaching a fair deal, where Europe's interests are taken into account just as are those of Latin America."

But she acknowledged that discussions over EU access for Mercosur's agricultural products would be "a difficult subject", given the large EU subsidies for its farmers.

Mercosur regroups Argentina, Brazil, Paraguay, Uruguay and Venezuela -- although Caracas's participation has been suspended for failing to meet democratic and trade standards.

The next round of EU-Mercosur trade talks are set for March.

They will be held against a backdrop of US President Donald Trump's hostility to international trade deals, including his decision to pull out of the Trans-Pacific Partnership.

He is widely expected to drop any attempt to seal a free-trade deal with the EU, and has also lashed out at NAFTA, the accord between Canada, Mexico and the United States, calling it on Thursday a "catastrophe for our county."

Copyright AFP (Agence France-Press), 2017

Comments

Comments are closed for this article.