Montevideo, November 1 (RHC) -- The Southern Common Market and economic bloc (Mercosur) will hold a meeting of foreign ministers on November 15th in Caracas to discuss final proposals for a trade agreement with the European Union. The two blocs are expected to submit proposals, listing goods and services, liberalizing trade and lowering tariffs' before the end of the year.
Foreign ministers from Argentina, Brazil, Uruguay, Bolivia and Venezuela already met in Caracas this week and repeated Mercosur's interest in a trade and cooperation agreement which, they said, "effectively acknowledges the differences between both blocs.
“This includes the power to implement policies that preserve the model of social inclusion which has enabled our countries to address social inequalities and also to boost global demand in a context of international crisis in recent years."
Mercosur and the European Union have been negotiating a trade and cooperation since 1999, but talks fell off to be finally resumed in 2010.