Mercosur Wants to Expand Cooperation With Eurasian Economic Union

Argentine Ambassador to Russia Pablo Anselmo Tettamanti says the Eurasian Economic Union (EEU) is an important partner for Argentina, and Mercosur wants to continue developing cooperation with their Eurasian partners. He also added that Russia is discussing new investment opportunities with Argentina.

According to the ambassador, Argentina facilitated significant progress in reaching an agreement between Mercosur and the Eurasian Economic Union in the last six months of 2014. A number of meetings held in Moscow and Buenos Aires have led to the creation of a draft cooperation agreement in the economic and trade spheres between the two regional trading blocs.

The EEU’s goal is to ensure economic integration among member states, including the free flow of goods, services, capital and labor. Mercosur pursues similar objectives.

Founded in 1991, Mercosur is a sub-regional economic bloc that includes Argentina, Brazil, Paraguay, Uruguay and Venezuela. Its associate countries are Bolivia, Chile, Colombia, Ecuador and Peru.

The agreement on the establishment of the EEU, signed by Russia, Belarus and Kazakhstan last spring, came into effect on January 1. The bloc also includes Armenia and Kyrgyzstan is set to become a member in May.

A month ago, Russian Deputy Foreign Minister Vasily Nebenzya said that some 40 countries have officially expressed interest in creating a free-trade zone with the EEU.

Full article: Mercosur Wants to Expand Cooperation With Eurasian Economic Union (Sputnik News)

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