By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO - Mercosur, South America's co-operative trade organization, and the European Union (EU) could forge an historic trade alliance as early as May of this year according to some sources. However there remains a key issue confronting the two parties: agricultural subsidies that the developed world pays to domestic producers, inhibiting the ability of other nations to compete in an open market.

At recent talks . . .

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