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Brazil & Southern Cone - October 2021

Introduction

The October edition of the Latin American Regional Report: Brazil & Southern Cone begins by looking at President Luis Alberto Lacalle Pou of Uruguay’s plans to move forward with pursuing a free-trade agreement (FTA) with China, a pipedream of successive Uruguayan governments. An FTA with its top commercial partner would certainly be beneficial to Uruguayan trade, however the issue risks sparking tensions with fellow members of the Southern Common Market (Mercosur) trade bloc, as current Mercosur rules prevent members from unilaterally pursuing FTAs. 

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