Beef farmers on alert as Brazilian President says Mercosur, EU 'a step away' from trade deal

French farmers drive their tractors on the A7 highway to protest changes in underprivileged farm area’s mapping and against Mercosur talks, in PIerre-Benite near Lyon, France, February 21, 2018. Message reads, "Mercosur - The destruction of French agriculture". REUTERS/Emmanuel Foudrot

Ciaran Moran

Brazilian President Michel Temer said on Wednesday that Mercosur and the European Union were “a step away” from signing a free trade agreement.

Temer’s comment, made during an economic council meeting in Brasilia, came a day after several European officials attending a G20 summit in Buenos Aires said that significant obstacles remained to the long-delayed trade deal.