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Argentina's withdraw from Mercosur talks eases fear about EU agreement

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Argentina's decision to withdraw from Mercosur talks was considered a "blessing in disguise" by high-ranking negotiators of the bloc as it ends concerns regarding the agreement with the European Union (EU).

Alberto Fernández's administration decided to officially leave new free-trade agreements through Mercosur, but underscored it will continue present in recently negotiated deals, like the EU-Mercosur treaty and the agreement with EFTA (the group formed by Switzerland, Norway, Iceland, and Liechtenstein).

Mercosur sources say the decision brought relief as there was fear of Argentina being reluctant about getting along with the integration process with the Europeans.

But the Mercosur-EU agreement still must be signed by the European Commission, EU's executive arm, Brazil, Argentina, Paraguay, and Uruguay. Besides barriers emerging in European institutions, there were questions about what the Argentinian government could eventually do.

Despite the current focus being on the novel coronavirus, and expected to stay there for a long time, the negotiators expect that Germany, which is poised to take over EU's presidency in the second half, will pave the way for the agreement to be analyzed by European institutions.

In a recent phone call between Foreign Affairs Minister Ernesto Araújo and EU Trade Commissioner Phil Hogan, Brazil and EU affirmed political willingness to move forward with the implementation of the bi-regional free trade agreement.

Argentina's decision to confirm it will be part of agreements with EU and EFTA is seen as very important for the Brazilian...

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