EU-Mercosur Free trade talks extended into 2005
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Slow-moving talks between the European Union and the four-nation South American Mercosur trade bloc, aimed at building the world's largest free-trade area, will be extended beyond the October 31 deadline into next year, negotiators at talks here announced.
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The failure of Brazil-led Mercosur and the European Union to reach a free trade deal this month is another lost opportunity for South American nations eager to build stable growth, analysts said.
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The European Union made "enormous progress" in its latest round of free trade talks with South Korea but some sticky issues are still unresolved, the chief EU negotiator said Friday.
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BRUSSELS, Jan 31  (IPS) - Conscious that trade issues had become a major  source of friction between African countries and their former  colonial overlords, the European Commission President JosÃ© Manuel  Barroso extended an olive branch in December.
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The South American trade bloc Mercosur and the European Union said after a ministerial meeting Sunday they hope to conclude stalled talks about free-trade agreement on time.
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By Elinor Mills LISBON  - The European Union and the four-nationSouth American Mercosur customs bloc failed to reach a deal tocreate the world's biggest free-trade area, negotiators saidlate on Wednesday.
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The European Union and Mercosur were  wide apart on Wednesday in negotiations to form the world's  biggest free trade area despite a new EU offer to settle their  differences, diplomats said.
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European Union and Mercosur officials criticized each other's trade proposals on Thursday, making an Oct. 31 deadline to create a transatlantic free trade area appear increasingly unrealistic.
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Brazil and the United States are exploring ways to breathe life into moribund talks designed to forge a free-trade region covering the Americas,  senior U.S. and Brazilian officials said Sunday.
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Negotiators met Friday at the World Trade Organization for formal farm talks, capping a weeklong series of informal discussions on ways to reach a wider-ranging liberalization accord by the end of 2005.
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Trade negotiators for the United  States, Colombia, Peru and Ecuador have abandoned their goal of  finishing a free trade agreement by mid-January and laid out a  schedule for at least two more rounds of talks, a U.S. official  said on Saturday.
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European Union and Mercosur officials criticized each other&#39;s trade proposals on Thursday, making an Oct. 31 deadline to create a transatlantic free trade area appear increasingly unrealistic.
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Japan and the European Union will launch talks next month to enhance economic cooperation in the first step to a long-shot possibility of a free trade deal, officials said Wednesday.
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The South American trade bloc Mercosur has made a new offer in a bid to advance stalled trade talks with the European Union and clinch a trans-Atlantic free trade deal by an October deadline.
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The European Union and the four-nation South American Mercosur customs bloc failed to reach a deal to create the world's biggest free-trade area, negotiators said late on Wednesday.
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The four key players in the World Trade Organisation -- the United States, the European Union, Brazil and India -- met on Tuesday for critical talks to break deadlock over a global trade deal.
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The European Union (EU) said on Thursday that further US efforts to eliminate trade and investment barriers would strengthen the transatlantic economic relationship.