What future for Mercosur?

The Southern Common Market, or Mercosur, is a South American trade bloc and customs union comprising Argentina, Brazil, Paraguay, and Uruguay whose “primary objective is to provide a space that can generate commercial opportunities and investments through competitive integration of national economies in international markets”.

Conceived in 1991, the bloc has implemented freedom of movement for all citizens, as well as a common design for vehicle number plates and passports, but its customs union remains flawed and attempts to further deepen integration have been stymied by internal divisions... download the full paper to read on...

Sections include...

What future for Mercosur?
What has Mercosur achieved so far?
Argentina: Protecting national industry remains a priority
Brazil: Change of approach on the horizon with return of Lula
Paraguay: Keen for trade liberalisation but remaining pragmatic
Uruguay: Longstanding frustrations boiling over
What next for Mercosur?

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More recent canning papers

Pioneering Latin America's sustainable finance

Canning Paper

A number of Latin American countries have been at the forefront of the development of sustainable finance through the creation of Green, Social, Sustainability, and Sustainability-Linked Bonds (GSSSBs), and the region is already the source of nearly 20% of the world’s supply of carbon credits, with Peru, Brazil, and Colombia the primary suppliers. In its latest Canning Paper, Canning House considers Latin America's emerging role as a protagonist in global sustainable finance.

What future for Mercosur?