German Chancellor Angela Merkel noted today that political changes in Brazil and Argentina which make up Mercosur along with Paraguay and Uruguay have revived chances of the trade pact. Mercosur suspended Venezuela in December.
Merkel said after meeting Uruguayan President Tabare Vazquez: "We as the European Union, if we perhaps don't advance or advance more slowly with a view to the United States we will have to see of course will continue to negotiate other trade agreements quickly."