Canada launches trade talks with Mercosur South American trading bloc

Trade ministers from Canada and the Mercosur countries agreeing to launch trade talks in Asunción, Paraguay, on March 9th (photo source: @FP_Champagne, Twitter.)

After signing the CPTPP trade deal in Chile on Thursday, Canada’s trade minister flew to Paraguay to announce the launch of formal negotiations on a free trade deal with the Mercosur trade bloc on Friday morning.

Mercosur’s current membership consists of Argentina, Brazil, Paraguay and Uruguay, making it the fourth largest trading bloc in the world.

Francois-Philippe Champagne and his Mercosur trade minister counterparts made the announcement in Asunción, less than a month after exploratory talks between Canada and the Mercosur countries wrapped up.

“With a combined population of 260 million and a GDP of over $3 trillion, the Mercosur member countries of Argentina, Brazil, Paraguay and Uruguay offer Canada an opportunity to deliver on its ambitious and diversified trade agenda with like-minded and fast-growing markets,” said Champagne.

To date, there’s been next to no mention of export opportunities for Canadian agriculture in a Mercosur deal, either from agriculture groups or the government, with Global Affairs citing potential benefits “in sectors such as energy, the extractive industries, infrastructure, environment, telecommunications, distribution and logistics, transportation and tourism.”

The first round of negotiations will be held in Ottawa from March 20 to 23.


RealAgriculture News Team

A team effort of RealAgriculture's videographers and editorial staff to make sure that you have the latest in what is happening in agriculture.


Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In…Read more »


Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.