Negotiations for an inter-regional Association Agreement (which includes a free-trade agreement) between the EU and Mercosur were launched in 1999 but were suspended in October 2004.
Läbirääkimised piirkondadevahelise assotsieerimislepingu (mis hõlmab ka vabakaubanduslepingut) sõlmimiseks ELi ja Mercosuri vahel käivitati 1999. aastal, kuid peatati 2004. aasta oktoobris.