HomeEuropeCanada eyes Mercosur pact by autumn

Canada eyes Mercosur pact by autumn

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By Olivia Le Poidevin

YAOUNDE, ‌March 27 (Reuters) - Canada's minister of international trade ​said on Friday that he hopes to conclude a free-trade agreement with South ⁠America's Mercosur bloc by the autumn.

"We're stepping up the negotiation timelines a little bit. Hopefully we can have negotiations every six ​weeks or so, and hopefully we can get it done by the fall. ‌That is the goal we've set between our partners," Maninder Sidhu told Reuters on the sidelines of a World Trade Organization ministerial conference ⁠in Cameroon.

The minister said he has had bilateral ⁠meetings with Argentina and Paraguay, and he will meet with Brazil and Uruguay on Friday on the sidelines of the WTO meeting in Yaounde, with the potential Mercosur-Canada trade agreement part of ‌talks.

"We're very ambitious. I think we can get it done," he ⁠said.

Reuters earlier reported that an Argentine government ‌official said the agreement was expected to ​be signed in September or October, marking roughly a year since negotiations formally restarted.

Another diplomat, based in Brazil, also told Reuters ‌negotiations were going at a record speed and ​extremely well, confirming the ⁠countries would probably reach a deal this year.

Canada has ‌intensified efforts to diversify trade amid ⁠uncertainty linked to tariffs imposed by U.S. President Donald Trump. South America, especially Brazil, is a trade partner Canada cannot do without, ​the diplomat in Brazil ‌said.

(Reporting by Olivia Le Poidevin in Yaounde; additional reporting by Lucinda ⁠Elliott in Montevideo, Lisandra Paraguassu ​in Brasilia; Lucila Sigal in Buenos Aires and Promit Mukherje in ​Ottawa; Editing by Andrew Cawthorne)

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