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UPDATE 3-EU, Mercosur to unblock trade talks, hurdles remain

* Latin American, European leaders meet to deepen trade ties * Europe says time to wrap up long-stalled Mercosur deal * Both sides to present new offers this year to open up markets By Robin Emmott SANTIAGO, Jan 26 (Reuters) - EU leaders won a promise from Argentina and Brazil on Saturday to revive stalled talks on a free-trade deal that would be a major prize for Europe as it emerges from crisis, but disputes over key issues mean a breakthrough appears distant.

FACTBOX-Five facts about EU-Latin American trade

Jan 25 (Reuters) - European Union leaders are meeting their Latin American counterparts this weekend in Santiago to win investments and speed up trade flows to lift Europe's stalled economy. But long-standing disputes make a breakthrough on a Mercosur free-trade pact unlikely. Here are five facts about trade between the EU and Latin America:

Europe faces hurdles at Latin America summit focused on trade

* European Union leaders head to Chile for regional summit * EU seeks to deepen trade ties with buoyant Latin America * Health of Venezuela's Chavez to loom over weekend meeting By Robin Emmott and Alejandro Lifschitz BRUSSELS/SANTIAGO, Jan 25 (Reuters)F - EU leaders take their hunt for economic growth to Latin America this weekend as the bloc tries to emerge from three years of crisis, but a long-stalled free-trade deal with Brazil and Argentina remains distant.
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