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Free Trade Agreement

Quantitative assessment of a free trade agreement between MERCOSUR and the European Union

Publisher: 
ECLAC
City: 
Santiago
Volume, number, page: 
74 p.
Considered Countries: 
Abstract: 
The main purpose of this paper is to analyse the direct and indirect impacts of an FTA (free trade agreement) between MERCOSUR and the
EU (European Union). MERCOSUR is a regional trade agreement between Brazil, Argentina, Paraguay and Uruguay, created in 1991. Venezuela signed a membership agreement in 2006, but it has not yet been ratified by the Brazilian and Paraguayan parliaments. In our study, we consider that Venezuela is not part of MERCOSUR. The aim of this regional treaty is to support free trade and the free movement of goods, people and currency. By European Union, we mean the 27 countries which are linked by their belonging to the European Communities

EU trade with Latin America and the Caribbean :

Overview and figures
Publisher: 
35 p.
City: 
Brussels
Category: 
Abstract: 
This publication provides an overview of trade relations between the EU and Latin American and Caribbean countries and groupings. The EU has fully fledged agreements with two Latin American groupings (Cariforum and the Central America group), a multiparty trade agreement with three members of the Andean Community (Colombia, Ecuador, and Peru), and bilateral agreements with Chile and Mexico. Since November 2017, a new agreement governing trade relations with Cuba has also been provisionally applied. In addition, the EU is currently modernising its agreements with Mexico (with which it has reached an 'agreement in principle') and Chile. The EU also has framework agreements with Mercosur and its individual members (Argentina, Brazil, Paraguay, and Uruguay). The agreement with the former will be replaced, once the ongoing negotiations on an EU-Mercosur association agreement have been completed. This publication provides recent data on trade relations between the EU and Latin American and Caribbean countries and groupings, compares the main agreements governing trade relations that are already in place, and analyses the rationale behind the ongoing negotiations on the EU-Mercosur, EU-Mexico and EU-Chile agreements. This is a revised and updated edition of a publication from October 2017 by Gisela Grieger and Roderick Harte, PE 608.793.
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