BERLIN – The German chancellor and the Uruguayan president on Wednesday pledged to redouble their efforts to bring a long-awaited trade deal between economic unions in Europe and South America into fruition.
The joint declarations on the financial relationship between the European Union and the Mercosur group were made during Tabare Vazquez’ official visit to Germany where he was received in Berlin by Angela Merkel.
Merkel acknowledged that a deal between the two organizations had been stagnating, but said: “We will work together to find the fairest solutions for both sides.”
She said there had been a recent positive trend within the Mercosur group, which comprises Argentina, Brazil, Paraguay, Uruguay and Venezuela, which is currently suspended.
Merkel said Uruguay was destined to become a driving force behind the negotiations between the Mercosur and Brussels.
Vazquez, in turn, said Uruguay had historically argued in favor of breaking down economic barriers that hinder the free transit of goods.
His country’s objective in the deal, he said, was to reaffirm those principals more than ever.
The president added that he thought this would lead to the construction of inclusive and sustainable global development.
The Mercosur-EU deal was a central agenda for Vázquez during his European visit.
After several high-level discussions with some of Germany’s leading companies, the Uruguayan statesman was due to travel to Finland, before ending his tour in Russia.