Merkel wants hurdles removed to EU-Mercosur free trade pact

Germany is becoming more cozy with Brazil, a BRICS member. Also other Mercosur members which the US foreign policy has alienated.
"we are reading major investments and partnership is been agreed [to]"

~ Submitted by BofB

16 June 2014

German Chancellor Angela Merkel assured Brazil on Sunday (15 June) that she will do her utmost to bring to a successful end the 15-year-old negotiation of a free trade deal between the European Union and South America's Mercosur trade bloc.

Merkel, stopping in the Brazilian capital on her way to see the German soccer team play in the World Cup today said Germany and Brazil, the two largest economies in Europe and Latin America, had much to gain from more trade and investment.

"We have a lot of interest in reaching a free trade agreement between Mercosur and the European Union," she said in a statement to reporters after meeting with Brazilian President Dilma Rousseff. "I will do what is possible so that we can take a step forward and overcome the obstacles."

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