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Monday, 31 May 2010

Farmers oppose relaunch of EU-Mercosur trade talks

The European Union and the Mercosur group of four South American countries relaunched talks on Monday (17 May) aimed at creating the world's largest trading bloc despite warnings that a deal could hurt EU farmers. Interest in creating a free-trade zone representing 750 million people with annual commerce worth nearly €100 billion ($123 billion) has grown since the start of the financial crisis and delays to the Doha round of world trade talks.Mercosur - Brazil, Argentina, Paraguay and Uruguay - and the 27-country EU will hold a first round of talks in July. The relaunch was strongly criticised by European farmers. Many EU farm ministers earlier on Monday in Brussels warned against reviving the talks, saying a deal would put thousands of European farmers out of business.

Source: EUractiv

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