EU AUTO SUPPLIERS PUSH FOR FTA WITH MERCOSUR, BUT SOUTH AMERICAN PARTS MAKERS MAY RESIST
March 1st, 2017
Europe’s auto suppliers are pushing the European Union (EU) work harder to secure a free trade deal with the Mercosur bloc to end tariff barriers restricting the current EU exports of vehicles and parts to its South American member countries.
At present this trade with the four founding members of Mercosur - Argentina, Brazil, Paraguay, and Uruguay – is worth a mere USD8 billion. The EU is currently negotiating a trade deal with these countries, which it wants to transform into a bi-regional association agreement between the two blocs. Mercosur’s fifth ...
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