Time to get rid of Mercosur’s straitjacket

By Juan Carlos Hidalgo, Policy Analyst on Latin America at the Center for Global Liberty and Prosperity at Cato Institute, Washington, DC.

The future of Brazil and Uruguay in Mercosur has become one of the major campaign issues in the presidential elections after opposition candidates expressed their intentions of pursuing bilateral trade agreements with other countries and blocs. Although they have not started the election race as favourites, if Aécio Neves and Luis Lacalle Pou are elected presidents of Brazil and Uruguay, respectively, an important political and commercial rearrangement in South America will follow.

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