EU Trade Commissioner Peter Mandelson in Latin America, 27-31 March 2006
01 Apr '06
3 min read
Brazil, Chile and Argentina are all members of the G20 group of emerging economies.
Latin America can be a big winner in the Doha round…
Latin America includes some of the world's most competitive agricultural exporters. It stands to benefit from the new market access and the subsidy reductions and export subsidy eliminations offered by the European Union as part of the Doha WTO negotiations.
The EU has asked in return for new access for European investment and industrial exports to the markets of developed countries and the emerging economies of the G20, which includes the countries of Latin America.
The EU is offering to do more than others. But as President Lula of Brazil said in London three weeks ago, a successful Doha Round means that both developed countries and advanced developing countries should be ready to make a contribution.
Mercosur: the world's first region-to-region free trade agreement
Although the Doha Development agenda WTO negotiations are a priority for the EU, it remains committed to a successful FTA negotiation with Mercosur. An EU-Mercosur FTA would be the world's first region-to-region free trade agreement.
By encouraging and building on regional integration among the Mercosur countries themselves it would create new economies of scale and a wide new market to attract investment.
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