We reported last May on the attempts of Europe to revitalize the talks on a trade zone between Europe and the Mercosur. Not much has happened since, except for the fact that the trade balance of Europe continues to deteriorate. Last year in April their was just a tiny trade surplus of 0,1 billion in Belgium, this year (despit the Euro which decreased substantially in value and should support exports), the trade deficit amounts 1 billion Euro in April. That is massive.
Today some news on the attempt of the trade talks between Europe and Mercosur appeared again. Yet, agriculture remains a problem. Read: Europe wants to export, but prevent Brazilian imports coming in. That bird won’t fly. A lot of news on these trade talks in Europe, but not a word in the Brazilian press; Europe is far less a priority for Brazil than Mercosur is for Europe, what counts for Brazil is China and emerging markets like (South) Africa, that’s where the growth is.
Tags: europe mercorsu
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