Explaining Brazil #173: Saving Mercosur

A deal between Brazil and Argentina breathes new life into the Mercosur trade alliance. At least until the next crisis, that is

Mercosur, the trade union between Brazil, Argentina, Paraguay, and Uruguay, has always struggled to reach true integration. Since 1991, when the Asunción Treaty was signed, the bloc has never fully developed into anything remotely resembling the European Union or other trade associations around the world.

Part of the blame for this resides in the fact that its member countries are just too different — both in terms of their size and economic potential, and their actual interests. And in recent years, it looked as if the trade bloc was on the cusp of collapse.

But last week, one notable deal breathed new life into Mercosur.

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  • André Spigariol covers Brazilian foreign policy, politics, and economics. He has been published by several media outlets in Latin America, including Vortex Media, Spotniks, Congresso em Foco, La Tercera, CNN Chile, Radio Cooperativa, among others.
  • Ignacio Portes is The Brazilian Report’s Buenos Aires correspondent. He writes the Latin America Weekly newsletter and covers affairs around the continent. He previously worked for the Buenos Aires Herald and The Bubble, and has written for outlets such as Al Jazeera and The Financial Times.

This episode used the music “Infados” by Kevin MacLeod and “Lurking” by Silent Partner, from the YouTube Audio Library.

Background reading:

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