Deep Focus: What’s slowing the Mercosur agreement?
The EU-Mercosur has been 20 years in the making, but a hostile trading environment, unpredictable government and growing environmental concerns are putting it in peril. Is the deal worth fighting for and can it be saved? And could it become a casualty Brazil's forest fires?
The European Union and Mercosur – a customs union covering Argentina, Brazil, Paraguay and Uruguay – have spent two decades negotiating a trade agreement. The gains are modest the ratification process will be anything but easy. Nevertheless, the deal is worth fighting for according to Uri Dadush. This week he joins Nicholas Barrett on our Deep Focus podcast to discuss the perils and process of an agreement that could be as significant to the globe’s climate as it is for the global economy.
Read the latest policy contribution by Michael Baltensperger and Uri Dadush on the same topic.