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Montevideo, December 6th 2022 - 23:28 UTC
Uruguay’s Vice-president Danilo Astori said that Mercosur “unfulfilled agenda” will not affect the chances of reaching an agreement with the European Union which if finally achieved will also help the “block to work better”. Read full article
Nah. Don't think so.
Detailing the ‘unfulfilled Mercosur agenda,’ the Vice President of Uruguay, Sr. Astori listed some of the Mercosur Objectives agreed 20 years ago but which never got off the ground:
(i) No free access to the expanded (regional) market
(ii) Non-tariff obstacles are greater than in the past
(iii) No coordination of macroeconomic policies
(iv) Strong asymmetries in the capacity of the different countries to stimulate their own production
(v) No “deep discrimination” of members in favour of the block
(vi) No out-of-region agreements have been reached
(vii) “Serious institutional deterioration”
(viii) Lack of supra-national bodies in Mercosur.
(ix) No mechanism for handling intellectual property rights and patent protection in negotiations.
(x) When one Mercosur country blocks a Mercosur trade agreement, other members make individual out-of-region deals.
These are the KEY things that define/undermine a Trading Bloc, so if they are ABSENT (or, adversely present) then there is only the mirage.
Sr. Astori is shouting to the world in no uncertain terms that ‘The Emperor has no clothes’.
It would seem that Mercosur does not exist except in the minds of the self-deluded.
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