EU and MERCOSUR Trade Increases

Brussels, Apr 15 (Prensa Latina) The imports of the European Union from the South Common Market (MERCOSUR) in 2006 went up to 55 billion dollars compared to 45.62 billion in 2004, said EU statistics office Eurostat Tuesday.

The study revealed that Brazil is accountable for three quarters of this trade, since 2006 was a year in which it spent 27.55 billion dollars in European products and sold others for 42.9 billion dollars to the old continent.

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Most of the European imports from MERCOSUR in 2006 were on agricultural and mineral products, while exports were on electric and industrial machinery, and transport equipment.

Germany made 30 percent of the MERCOSUR imports, followed by France and Italy, with 14.9 and 13.4 percent respectively.

edit - link not working, go here and look for subject matter :
http://www.plenglish.com/Default.asp

This is really interesting. Brazil has the lion's share, but look how HUGE Brazil is, after all.

Hope to hear far more about this. It's about time, isn't it?

that the figures are for 2006. I'd expect 2007's to escalate considerably higher.

Hopefully a lot of this relates to "Free Trade":hi: