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Brazil Wants to Change Mercosur Rule to Make Agreements without Argentina Viable
Action would come in the face of the neighboring country's announcement that it will abandon negotiations on the organization's agreements
May.4.2020 2:04PM
Bernardo Caram
BRASÍLIA
In the wake of Argentina's announcement that it will abandon negotiations on Mercosur agreements, the Brazilian government wants to suggest changes in the bloc's operating rules to make commercial deals feasible without the participation of the neighboring country.
Brazilian negotiators argue that rules in force today may hinder the progress of future agreements if there is no endorsement from the Argentine government. The idea, according to a report made to Folha, is to remove these locks.
This concerns not only future initiatives but also dialogues that have already formally started in recent years with countries such as Canada, South Korea, Lebanon, and Singapore.
Created in 1991, Mercosur has founding members Brazil, Argentina, Paraguay, and Uruguay. Venezuela joined the bloc in 2012 but has been suspended since 2016.
More:
https://www1.folha.uol.com.br/internacional/en/business/2020/05/brazil-wants-to-change-mercosur-rule-to-make-agreements-without-argentina-viable.shtml?utm_source=newsletter&utm_medium=email&utm_campaign=newsen
