While the South American countries expressed their intention to sign the controversial trade pact, resistance from within the EU, Borell said, was threatening to derail the deal.
Negotiations may be suspended until after the European elections in June, with some sources even hinting at a suspension until September, according to Paraguay's Foreign Minister Ruben Ramirez.
In Buenos Aires, consultant and analyst Carl Moses sees a clear loser in the ongoing saga. In an interview with DW, he asserted that Europe not only loses market share and future opportunities in South America but also credibility concerning its geopolitical role.
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