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7/1/11

Mercosur pushes for early EU trade pact

Latin America's Mercosur trade bloc is impatient for progress on free-trade talks with the European Union to lead to an early agreement, Brazilian President Dilma Rousseff said.

Brazil has been in the forefront of Mercosur pronouncements on the increasingly contentious talks for reaching a free-trade pact. The negotiations are snagged on European farm industries' fears about a flood of Latin American produce and Mercosur partners' often mercurial behavior toward European exports to the region.

Argentina drew angry rejoinders from Europe over what EU officials called restrictive trade measures that led to imports from Europe being blocked, delayed or made more expensive by stinging taxation, all of which Brussels branded as running counter to the spirit of the according being negotiated.

For more: Mercosur pushes for early EU trade pact - UPI.com

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