In Paraguay, wholesale and retail trade, bhotels/b and restaurants is the single largest subsector (45.6%). The EU-Mercosur bilateral negotiation on reciprocal liberalization of trade in services began when the EU presented, in July 2001, the first draft of b....../b Estevadeordal, A. and E. bKrivonos/b (2000) 'Negotiating Market Access Between the. European Union and MERCOSUR: Issues and implications for the EU-MERCOSUR. Interregional Association Agreement.' Occasional Paper 7. ...