EU and Mercosur in biotechnology deal
The five-nation Latin American trading bloc, the Mercosur, and the EU are to collaborate on agricultural biotechnology in South America. The customs unions will invest Euro 7.3 million ($10.7 million) in the programme, Biotecsur. Argentina is to co-ordinate Biotecsur, which covers four agbiotech areas: oilseeds, forestry, sheep and birds. The programme seeks to integrate research and development among the private, public and academic sectors in the region, covering Argentina, Brazil, Paraguay, Venezuela and Uruguay.