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Does the Mercosur Trade Deal Mean Brazil Will Finally Open Up?

July 15, 2019

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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