BRUSSELS, Belgium (Reuters) — Europe and South America hope to make formal offers in early April on how far they are willing to go to open up their markets, said Argentina’s trade minister Miguel Braun.
The move could revive long-stalled free trade talks.
The exchange of offers, which would set out the duty-free access each side is willing to consider, would then allow trade negotiators to draw up a trade deal to encompass 750 million people and $130 billion in annual trade.
The foreign minister of Uruguay, which holds the rotating Mercosur presidency, will visit Brussels April 8.
Braun said the exchange of offers could be made then but no later than the middle of this year.
