The South American bloc of countries known as Mercosur has become increasingly noticed and important on the world stage, in light of a shifting global order and economic uncertainty. Negotiations for a trade deal with the European Union have been ongoing for over 20 years; could now be the time for a signed and applied deal?

Key Takeaways:

• The EU is Mercosur’s second largest trading partner, behind China, but both have a lot to gain by developing and agreeing to a formal strategic partnership.
• The trade deal covers various sectors of each bloc’s economy and includes protections that originally had some European countries opposed to signing the deal.
• Smaller states, like the Czech Republic, have a lot to gain from this deal as well. However, farmers and food processors can expect problems.

Policy Brief – Alexandra Keating

The analysis is in PDF under the link below.