MERCOSUR: 30 years behind. What’s ahead?

Petr Pavlovich Yakovlev
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Petr Pavlovich Yakovlev: Russian Academy of Sciences (RAS) - Institute of Latin America

Russian Foreign Economic Journal, 2021, issue 11, 30-48

Abstract: The integration association of South American countries - MERCOSUR - celebrated its 30th anniversary in 2021. During this period the largest integration grouping of South American states has passed a difficult path of establishment and development in the form of a free trade zone and a customs union. Due to many internal and external reasons not everything was done as originally planned. MERCOSUR had gone through a series of crises, with sharp disagreements breaking out between its participants. Nevertheless, despite all the difficulties and obstacles, MERCOSUR eventually continues to play a prominent role in global trade and world economy, and, given its total production potential, remains an attractive economic partner for countries in different parts of the world.

Keywords: South America; integration; MERCOSUR; free trade agreements; USA; China; European Union; Russia; EAEU; coronacrisis. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_11_30-48

DOI: 10.24412/2072-8042-2021-11-30-48

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