The current political context has moved into a new phase, with Mercosur countries taking the lead in negotiations to agree on a comprehensive trade agreement with the European Union. The European Commission has been involved in the negotiations for some time, with the first ever round, led by the Dutch, taking place in Brussels in March 2017. Mercosur countries have been the main initiators in the negotiations, having taken the initiative and organized a series of bilateral meetings and negotiations in which they pushed for the completion of the agreement. The first round of talks started in July 2017 and finished in November. The EU completed the internal procedures involved in the negotiations, and in February 2018, the Commission presented to the Member States an agreement for the implementation of the agreement. The agreement was then voted on in the Council of the European Union (Sanahuja and Rodrguez, 2019, p. 5).
Discussions in Mercosur have been well advanced, and the ultimate conclusion of negotiations will be celebrated in December 2019. In recent months, the different member states have agreed on a wide range of principles that will be included in the final agreement. The process will be lengthy and complicated, with the outcome not expected until spring of 2020. The interim outcome is likely to be the launch of more bilateral negotiations to agree on a more detailed agreement (Sanahuja and Rodrguez, 2019, p. 5).
The agreement will cover a wide range of sectors, including agriculture, services, competition, government procurement, intellectual property rights, customs, and trade facilitation. It will also contain a chapter on the environment and climate change. Mercosur and EU negotiators are still discussing how to handle investment, in particular through the establishment of a free trade area for investment.
The agreement would also represent a different approach to bilateral trade within Mercosur. There has been a shift in Mercosur from a regionalism-enforced integrative model to a more market-driven one that favors increased flows of goods and services. However, this has been counterbalanced by a widening of the gap between the EU and Mercosur in trading patterns, as a result of EU tariffs on many products, to which Mercosur countries are not subject (Sanahuja and Rodrguez, 2019, p. 3).
ABCD premiered across India in Hindi, Tamil and Telugu languages. The film was released in the United States on 2 June 2013. As per the Bollywood trade website Box Office India, with around 1.50 billion viewers, the film grossed 45.11 million in its first week. 827ec27edc