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Brazil wants to hand Mercosur chair next week with a raft of milestones

Brazil who is handing the Mercosur rotating chair to Paraguay during a ceremony and regional summit in Rio do Janeiro next 7 December´, is working overtime to finalize important milestones for the trade block during its presidency, among which discussions with UAE, closing a deal with Singapore, making official Bolivia s incorporation and equally outstanding even possibly signing the definitive agreement with the European Union.

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Mercosur: South America s Fractious Trade Bloc | Council on Foreign Relations

Three decades after its founding, Latin America’s largest trade bloc continues to deal with internal divisions, including over a stalled trade deal with the European Union. How could the return of Brazil’s Lula change the calculus?

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Improvement of Paraguayan drinking water and sanitation supported by MERCOSUR

Improvement of Paraguayan drinking water and sanitation supported by MERCOSUR
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Thirty years of the Southern Common Market: Political,

Daily Maverick 168 weekly newspaper. The formation of the bloc is a historic achievement in the region and a milestone in Latin American economic integration, which aimed to overcome rivalry between the countries and establish cooperation dynamics. With a population of almost 300 million and an area of about 15 million km² (50% larger than the European continent and almost as large as Russia), Mercosur is known for its great natural resources and food potential. The bloc exports 63% of the world’s soy and is the largest global exporter of beef, chicken, maize, coffee and iron, as well as the eighth-largest global automobile producer. Based on its GDP, which in 2019 reached $4.467-trillion (measured by purchasing power parity), the bloc is the world’s fifth-largest economy.

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