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.
Global Americans spoke to Nicolás Albertoni, a scholar pursuing a Ph.D. in political science and international relations at the University of Southern California (USC), associate researcher at the Universidad Católica del Uruguay, and one of the Global Americans 2018 New Generation of Public Intellectuals.
Medium and small economies in Latin America are especially vulnerable to a global trade war. But if Latin American countries can better integrate and harmonize their preferential trade agreements they will be in a better position.
Con la firma de un tratado de libre comercio entre Chile y Uruguay se comienzan a abrir las puertas de una posible futura convergencia entre Mercosur y la Alianza del Pacífico. ¿Llevará este acuerdo a la integración comercial de Mercosur al resto de América Latina?