On-off negotiations have been occurring since 1999, with renewed spirits in 2016.
“It should be clear that without any movement from our partners on these issues it's difficult to see the process moving towards
the outcome to which the European Commission remains committed a balanced and ambitious EU-Mercosur trade agreement”,
a Commission spokesman told a news conference.
There are still key gaps on how far to open each other's markets to imports of cars and farm products, such as Latin American
beef and EU dairy.
EU’s last offer placed a 99 thousand tons quota of beef from Mercosur, who on the other end, aim for a 150 thousand ton quota.