Mercosur foreign ministers launch trade negotiations with CanadaStaff Writer | March 10, 2018
The four Mercosur foreign ministers will officially launch trade negotiations with Canada, which will be represented at the summit by its minister of international trade, François-Philippe Champagne.
Trade talks The summit in Asuncion
Lozaiga will then meet separately with the Canadian trade minister and they will subsequently be joined by the other Mercosur foreign ministers.
After this meeting, a joint declaration will be signed, officially launching trade negotiations between the Mercosur and Canada.
This summit in Asuncion comes after Champagne met with Mercosur representatives in Ottawa in February to hold exploratory discussions about a possible trade agreement.
Canada is interested in promoting trade and investments in emerging markets and Mercosur represents a potential market of 260 million consumers.
In 2016, bilateral trade between Canada and Mercosur represented CA$8.9 billion ($6.8 billion). ■