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Related to MERCOSUR: Unasur
MERCOSURMercado Comun del Cono Sur (Southern Cone Common Market)
MERCOSURMercado Común Sudamericano (Spanish)
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References in periodicals archive ?
Macri described the agreement as "a clear signal to the world that we want Mercosur to be a competitive, dynamic bloc, with clear rules of the game to invest and do business."
The Japan-EU deal alone includes countries that together generate one-third of global GDP, while the Mercosur agreement embraces a quarter of worldwide GDP.
The FTA will provide an opportunity to address trade deficit with Mercosur countries.
In order to achieve greater market access in the region, the Ministry of Commerce signed a Framework Agreement on Trade with Mercosur in 2006 with a view to inking a preferential trade agreement (PTA) leading to a free trade agreement (FTA), the secretary added.
Mercosur has asked for a 15-year transition period for the import of European vehicles and auto parts, up from the 10 years originally proposed, to cushion the impact on its industry.
In addition, FM Retno invited Argentinean and MERCOSUR entrepreneurs to attend the Trade Expo Indonesia (TEI) in 2018.
"This represents a significant step toward deepening the important relationship between the Mercosur Member States and the Republic of Korea," the joint statement said, referring to South Korea's official name.
Pakistan signed a framework agreement on trade with Mercosur on July 20, 2006 but no further progress was made.
Although Pakistan signed a framework accord on trade with Mercosur in July 2006, but since then no major advancement has been made.
Kabil stressed the importance of intensifying efforts to achieve a balance in trade between the two sides, which is strongly leaning in favor of Mercosur countries, especially after the entry into force of the free trade agreement in early September, which will contribute to increased trade flow, economic cooperation and joint investments between Egypt and Mercosur countries .
Signed in 2010, the agreement outlines bilateral trade between Egypt and Mercosur, through which 63 per cent of its exports will be covered immediately, becoming eligible for import tax exemption, said a statement.