GlobalAutoTV
Click to watch Ricardo Castro-Garza -
Click to watch Ricardo Castro-Garza -
latin resources

Need an office in Mexico or Brazil? Office suites, meeting rooms, virtual offices, network access



free downloads
LATIN AMERICA: "Doing Business in Mexico 2017 (Guide)"

LATIN AMERICA: "Doing Business in Mexico 2017 (Guide)". 106-page Guide by Baker McKenzie.

proceed to download
eJournals




back to index backLATINtalk January,  2017


Mercosur and EU feel “2017 is a window of opportunity”, but can't find the path despite Brexit and Trump

Negotiations for an ample trade and cooperation agreement between the European Union and Mercosur are strategic, essential and must be urgently concluded, said Ramon Jauregui, head of the Euro-chamber for Latin America delegation, following on the recent accords signed by the EU with Ecuador and Cuba.

Mercosur is of enormous significance for Europe and we are entering a context of uncertainty with the arrival of Donald Trump to the White House”, pointed out Jauregui, a member of the European Parliament who added the urgency of signing the agreement which is pending since 1999 and was re launched in 2010.

Jauregui admitted that items such as beef, rice and sugar are considered vulnerable” for Europeans and non-negotiable for Mercosur, despite the fact that the EU Agriculture Commissioner Phil Hogan last November called on the South American block to moderate its aspirations.

However Mercosur sources indicate that the three are part of an EU ten-item sensitive list and argue the accord has a raft of benefits for Europe regarding manufacturing, auto-parts, the chemical industry, among others.

Nevertheless Mercosur sources indicate that 2017 represents a window of opportunity”, not necessarily to conclude the accord but to advance and give the talks credibility and a sense of irreversibility.

In effect and looking ahead to the new round of talks scheduled for next March in Buenos Aires, both sides have agreed to leave for further on the sensitive lists”, which includes in effect beef and ethanol. Argentina is one of the world's leading exporter of ethanol.

But EU has its own problems: France is holding presidential and legislative elections in the first half of this year and has expressed concern about agriculture, a decisive sector for any aspiring political force wanting to reach Paris. Jauregui feels this is clear evidence of a lack of unity among the 28-member EU when they have to face a Trump administration in Washington.

Mercosur has a more positive approach according to statements from Brazilian foreign minister Jose Serra, with Brexit and Trump's victory, friends must unite”. In effect Jauregui has pleaded EU Foreign affairs commissioner Federica Mogherini to take advantage” of the current situation when all indicates that a Trump administration might very well emphasize a protectionist policy.

Likewise a potential vacuum in Latin America could be occupied by China, despite the close historic and cultural roots with Europe, and not forgetting that most of manufactured goods or with added value from Latam are exported to Europe, thus Europe should stop looking at its belly button and concentrate in Latin America”.

Finally Jaurgegui recalls that 2017 took off with the EU trade agreement with Ecuador, and joins Colombia and Peru, and in coming months a similar scenario will take place with Cuba, conditioned to cooperation in human rights issues.

Let's not forget the significance of these latest moves, since Trump has anticipated he will turn back all the agreements reached by the US with Cuba, under the Obama administration”.

Source: MercoPress - GAI






previous page

go top
search our site


Loading

LATINtalk

Other articles from the same issue (January,  2017).

Manufacturing in Mexico a no-go for US automobile companies
play read on

How Trump’s Trade Policies Could Disrupt Mexico’s Growing Auto Sector
play read on

Weekly Chart: Mexico's Auto Industry
play read on

Automotive Sales, Production to Grow in Brazil in 2017
play read on

Autos/Trucks: Brazil Demand Comps Improving into Yearend (Jan. 2017)
play read on

Scuttled Ford Plant Has Mexico Fearing More Under Trump
play read on

Global Automotive: Cruisin'- Road Map to the Auto & Truck Market January 2017
play read on

Will Latin America Regain Prosperity in 2017?
play read on

How to Hire Employees in Mexico, a Quick Glance at Labor Contracts
play read on

In Latin America, Mexico The Only Real 'Loser' Under Trump
play read on

Mexico: Cost of electricity goes up following 20% increase in fuel
play read on

Managing the employment relationship in Mexico
play read on

What Could a U.S.-Mexico Partnership Look Like?
play read on

NAFTA 2017 CCN SPECIAL ReporT
play read on

Minimum wage increases nearly 10 percent in Mexico
play read on

Brazil Raises 2017 Monthly Minimum Wage to R$937
play read on

Mercosur and EU feel “2017 is a window of opportunity”, but can't find the path despite Brexit and Trump
play read on

Brazil Registers Record Judicial Recovery Filings in 2016
play read on

Brazil Tax News: Tax Regularization Payment Program
play read on

Expats highly rate health care in Mexico and Central America
play read on

Half the Argentine labor force make a monthly average of US$ 565, says Indec
play read on

Brazil tops rankings of countries where companies must pay bribes
play read on

Emerging markets: Mexican wave
play read on

IMF Cuts Economic Growth Forecast for Latin America in 2017
play read on

Brazil inflation at its lowest in years ends 2016 within the official target range
play read on

Brazil's unemployment rate reaches a record high of 11.9%: this means 12.1m out of a job
play read on

Argentina: More Flexibility to Exchange Control Market
play read on

Brazil lowers basic interest rate to 13 percent
play read on

The move to assemble vehicles in Mexico is about more than low wages
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120