There are two stories to be told about the Southern Common Market trade bloc comprising Brazil, Argentina, Paraguay and Uruguay (Mercosur) right now. One is positive: having signed an historic free trade agreement (FTA) with the European Union (EU) earlier this year, the trade bloc has since reached a further deal with the European Free Trade Association (EFTA) and is pursuing yet another with South Korea. The other is negative. There are internal political problems, a major dispute over environmental protection of the Amazon, and doubts about EU ratification. The bottom line looks like an uncomfortable mix between these two narratives.End of preview - This article contains approximately 794 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options