Does the Mercosur Trade Deal Mean Brazil Will Finally Open Up?
Does the Mercosur Trade Deal Mean Brazil Will Finally Open Up?
How the agreement could help Brazil become more competitive – now and in the future.
For Brazil, the most promising part of Mercosur’s announcement of a trade deal with the European Union is that it would give the country a path – with or without its regional partners – to implement comprehensive reforms and open its economy to global trade.
It’s an unexpected opportunity that President Jair Bolsonaro should take care not to squander.
An acrimonious 20-year negotiation process made it seem as though the accord would never happen at all. Indeed, the announcement that a deal had been reached took most experts by surprise. Trade negotiations naturally face...
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