Emerging China “interferes” with EU-Mercosur talks.

[bemildred]

LOL. "Misbalancing". But I thought competition was good?

European Trade Commissar Pascal Lamy admitted that the emerging attraction of China for Mercosur exports is showing a “misbalancing effect” on the South American block “political equilibriums” when it comes to negotiating a free trade agreement with the European Union.

Talking with the press in Lisbon, Portugal, Mr. Pascal argued that the increase in demand for commodities as a consequence of China and Southeast Asia strong economic performance has had an “enormous positive impact” for Mercosur, from minerals to wood pulp generating growing expectations among those countries business community.

“This kind of misbalances the political equilibriums with which my Mercosur negotiators have to manage. This is a political reality that must be present at all times”, added Mr. Lamy who this Wednesday began in Lisbon yet another round of trade talks with Mercosur hoping to reach an agreement by October 31.

Mr. Lamy suggested it would be helpful if Mercosur representatives (the four countries Foreign Affairs ministers) “looked a bit ahead and imagined what the situation will be in five, ten years when Chinese growth won’t necessarily be as robust as it currently is”.

MercoPress

[aneerkoinos]

1. Mercosur to EU, US and China:

Oh my, oh my... so many suitors... now let's see the dowry!

Will she play the modest Penelope or marry them all? :D