“If we have not concluded them by the end of the year, it could complicate the matter,” an EU negotiator warned.
The official insisted that a “window of opportunity” exists to reach at least one agreement that is “irreversible”, if not fully detailed. The wording could be polished and sub-chapters added after the end-of-year deadline.
The EU and Mexico agreed last year on modernising their 20-year old trade deal. The EU-Mercosur (Argentina, Brazil, Uruguay and Paraguay) negotiations restarted in May 2010.
Officials said that next year’s elections in Mexico and Brazil could slow down the negotiation process as their governments would enter a lame-duck period.