The European Commission has said it is a priority to conclude a long-delayed trade deal with South America's Mercosur bloc, as the EU seeks new allies to reduce its dependence on China and the United States, according to a document seen by Reuters.
The policy paper, due to be presented by the EU's top diplomat Josep Borrell on Wednesday, sets out the importance of securing priority access to Latin America's raw materials and other resources, in the face of "increasing geopolitical challenges".
