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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Although representatives from both Mercosur and the European Union (EU) continue to say they hope for an ample economic accord between the two blocs by the end of the year, the non-agreement on the trade of two agricultural products have practically stalemated negotiations.

"I again ask the Mercosur countries to moderate their expectations about their sensitive products," European Commissioner for Agriculture and Rural Development Phil Hogan stated earlier this year.

The sensitive products Hogan refers to are ethanol and Subscribe to our Premium Membership Plan. Already Subscribed?