The August issue of the
Latin American Regional Report: Brazil & Southern Cone begins by looking at the
region as a whole. The first piece focuses on the travails of the Southern Common Market (Mercosur), the trade bloc that groups Argentina, Brazil, Paraguay, and Uruguay. The latter appears determined to push forward in its pursuit of free-trade agreements with third parties, notably China, in defiance of the trade bloc’s rules. Mercosur’s lack of cohesion was evident at the most recent meeting in July, which Brazil’s President Jair Bolsonaro did not attend in person and which failed to deliver a joint communiqué.
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