After almost a quarter of a century of negotiations, a trade agreement between Mercosur and the EU could be signed soon. But the electoral uncertainty in South America as well as the protectionist tensions that emerged after Brexit could present risks for the agreement’s ratification.
Mercosur must modernize to adapt to a new international geopolitical reality, but there’s no clear path forward. If it can’t reform, Mercosur risks joining the long list of failed dreams of regional integration.
The reports examine five specific areas—transnational security challenges, institutional capacity, economic growth, demographics, and technology—and how they will shape politics, economic and U.S. relations in South America by 2030.
Since the incoming government of Jair Bolsonaro backed out of Brazil’s plan to host the COP25 meetings next year, five Latin American and Caribbean countries—Barbados, Chile, Costa Rica, Guatemala and Jamaica—have stepped up.