Mercosur and European Union: a historic agreement in times of deglobalization
After 25 years of negotiations, the free trade agreement between Mercosur and the European Union was finally concluded, consolidating what is considered one of the largest markets in the world. This commercial partnership promises to open new horizons for both blocks, covering more than 700 million people and representing an impressive combined Gross Domestic Product. However, the announcement comes at a historic moment that challenges the foundations of free trade and multilateralism, with the world immersed in deglobalization trends and a growing wave of nationalism. This raises crucial questions about the relevance and viability of the agreement in such an adverse political and economic context..
The agreement establishes the gradual elimination of tariffs on 90% dos produtos comercializados entre ...