Paraguay, which holds the rotating presidency of Mercosur, will host representatives of Argentina, Brazil and Uruguay, to formulate a common position on a trade agreement with the European Union, the Paraguayan Foreign Ministry announced.
Unable to match China's offer of $250 billion (€222 billion) in investment in Latin America, the EU sought ways on Thursday (11 June) to avoid being marginalised in the region, offering new trade deals, visa-free travel and deeper ties.
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