Will This Be the Year Mercosur Breaks?
Multiple threats, including a deadline for a deal with the EU, menace Latin America’s longest-lived regional bloc.
BUENOS AIRES—The fate of Mercosur is perched on a razor’s edge. The next few months will be critical for the three-decade-old South American trade bloc, which has struggled to preserve strong support among its four member states, which are increasingly divided by political issues, a failure to deepen collaboration and the desire to pursue individual international trade agreements. Argentina’s presidential frontrunner, libertarian Javier Milei, has promised to withdraw his country from the bloc altogether if he wins the presidency later this year. That would be a debilitating blow...
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