Tuesday, December 12, 2017

© Reuters.  Brazil says EU trade deal offer to Mercosur was disappointing© Reuters. Brazil says EU trade deal offer to Mercosur was disappointing

SAO PAULO (Reuters) – The European Union proposal presented this week during talks in Brasília on a bilateral trade deal with the Mercosur bloc was disappointing, Brazil’s chief negotiator, Ambassador Ronaldo Costa Filho, said on Friday.

Costa Filho said the proposal, which included an offer for a lower tax quota of 70,000 tonnes of beef and 600,000 tonnes of ethanol, was far from what Mercosur members were expecting and will make reaching a deal by December more difficult.

(This version of the story corrects to 600,000 tonnes instead of 100,000 tonnes of ethanol in second paragraph)

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