They value that Mercosur functions as a platform for market access

They value that Mercosur functions as a platform for market access
They value that Mercosur functions as a platform for market access

In a statement, they expressed their interest in transforming the regional bloc “into a competitive platform for its international insertion and into an efficient instrument to expand trade exchange with third countries or groups of countries both in the region and the rest of the world and to generate more dynamic trade flows.”

Regarding the regional external agenda, they celebrated the conclusion of negotiations for the update of the Regime of Origin between Mercosur and Chile, within the framework of the Economic Complementation Agreement.

This will allow for the expansion of benefits for the industrial sector and promote investments, facilitate foreign trade, simplify control procedures, and apply differentiated treatment among the States Parties.

They expressed interest in strengthening trade agreements with Bolivia, Colombia, Ecuador, and Peru, as well as resuming contacts with El Salvador, the Dominican Republic, and Panama with a view to reaching trade agreements with Mercosur.

Regarding the extra-regional external agenda, they highlighted the progress made towards the entry into force of the Free Trade Agreement between Mercosur and Singapore, the first with a Southeast Asian country that will allow for the expansion of trade flows and improve the conditions for the establishment of investments.

They reiterated the importance of negotiations with the European Union and reaffirmed their willingness to conclude pending issues during the second half of 2024 and reach an agreement that is balanced and mutually beneficial for the Parties.

They also welcomed the adoption of the General Framework and the formal start of negotiations with the United Arab Emirates. They stressed that in this context, progress had been made in negotiations to reach the Comprehensive Economic Partnership Agreement, which will contribute to increasing trade, investment and cooperation between the parties.

They discussed the eleventh round of negotiations with the European Free Trade Association and agreed on the “need for both parties to reaffirm their commitment to finalizing the signing of a balanced and mutually beneficial trade agreement.”

They also discussed the Fifth Meeting of the Dialogue to Strengthen Economic Relations between Mercosur and Japan.

The LXIV Summit of Presidents of Mercosur, held today in this capital, was attended by the presidents of the States Parties of Mercosur, Santiago Peña, Paraguay; Luiz Inácio Lula da Silva, Brazil; Luis Lacalle Pou, Uruguay; and the Minister of Foreign Affairs, International Trade and Worship of Argentina, Diana Elena Mondino.

The President of Bolivia, a State in the process of accession, Luis Arce, also attended the meeting.

jha/otf

 
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