The EU-Mercosur trade agreement is finally happening

After more than 20 years in the making, the interim trade agreement between the Mercosur countries (Brazil, Argentina, Paraguay, and Uruguay) and the European Union finally applies provisionally as of May 1. This creates a trade area with around 700 million consumers, facilitating investment, trade, and cooperation. In addition, it is a clear geopolitical signal that these two blocks want to deepen their ties through a transparent, legally binding agreement. What will the effects of the agreement be economically and politically? Why was it so hard to agree, and what comes next? Is this an…

After more than 20 years in the making, the interim trade agreement between the Mercosur countries (Brazil, Argentina, Paraguay, and Uruguay) and the European Union finally applies provisionally as of May 1. This creates a trade area with around 700 million consumers, facilitating investment, trade, and cooperation. In addition, it is a clear geopolitical signal…

After more than 20 years in the making, the interim trade agreement between the Mercosur countries (Brazil, Argentina, Paraguay, and Uruguay) and the European Union finally applies provisionally as of May 1. This creates a trade area with around 700 million consumers, facilitating investment, trade, and cooperation. In addition, it is a clear geopolitical signal that these two blocks want to deepen their ties through a transparent, legally binding agreement. What will the effects of the agreement be economically and politically? Why was it so…