MEXICO CITY, MEXICO / ACCESSWIRE / August 31, 2017 / The Brexit vote in 2016 created a significant economic fallout that now has the European Union reevaluating current trade deals, and pursuing new ones as well. Specifically, the loss of the United Kingdom from the EU has prompted officials in Brussels to hasten their long-held goal of creating a modernized trade agreement with core South American countries, a task that foreign exchange expert Vicente Izquierdo Munoz says is long overdue. The co-founder of a globally recognized financial services company discusses the events leading up to the recent intensifying of dialogue, and the potential benefits that exist for both sides.

The initial groundwork for updated trade deals between the EU and certain South American nations was laid years ago, as Mercosur, (a sub-regional bloc that consists of Argentina, Brazil, Paraguay and Uruguay as core members,) first began negotiations with Brussels in 1999. Talks have been stalled for many years since however, with the two parties unable to fully agree on a range of issues, such as farming and related agricultural standards. Political developments in both Europe and the United States within the last year have fostered an immediate interest to come to an agreement sooner rather than later, as both entities seek to protect and expand their financial interests in the midst of a new socio-economic landscape.

The EU now wishes to settle on core principles of a deal by December. At a summit of Mercosur nations in early August, South American leaders agreed in pursuing – at minimum – a finalized political agreement with the EU by the end of the year. "Mercosur's participation in world trade should increase significantly, and that is why these agreements have been prioritised," said Argentinian foreign minister Jorge Faurie. Officials from both sides have stated that clinching a deal in the coming months would signify a clear signal of shared commitments to trade liberalisation, open markets, and international collaboration. Vicente Izquierdo Munoz asserts the potential mutual benefits by noting the South American bloc, which contains several fast emerging economies, boasts a 500-million strong consumer market for European goods. Likewise, EU Commission figures show that in 2016, member countries exported £38.6bn of goods and imported £37.1bn from the region; numbers that are bound to increase once a full agreement is reached between the two.

Vicente Izquierdo Munoz is an acclaimed international economics expert, and co-founder of a leading broker market of Contract for Differences (CFDs.) His company offers CFDs on currencies, indexes, and commodities, and specializes in the trading of financial products in Over the Counter (OTC) and organized stock markets. Munoz provides his clients with advanced technological solutions and the support of a professional finance team in order to achieve sustained success in their investments. With 10 available trading platforms and more than 200 financial instruments, Vicente and his team service both retail and institutional entities in over 180 countries throughout Europe, Asia, Middle East, Africa and Latin America.

Vicente Izquierdo Munoz - Co-Founder of a Leading Brokerage of CFDs: http://vicenteizquierdomunoznews.com

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SOURCE: Vicente Izquierdo Munoz