As trade officials desperately try to move the long-delayed EU-Mercosur agreement forward, we must stop and consider that this deal is likely to go far beyond the balance of trade, and increase economic, social and political divisions within both continents.
The European Union has offered to open its markets to more beef from Latin American bloc Mercosur. The EU hopes an improved offer will encourage Mercosur to open its markets to cars and EU dairy produce more rapidly and allow EU companies to bid in public tenders.
Similar to the July 2017 draft of the Mercosur agreement, the November 2017 version only contains one single reference to the precautionary principle
China is willing to negotiate step by step free trade agreements with Uruguay and other countries in South America.
Due to Brexit, the UK will be excluded from the trade agreement between Mercosur and the EU, and will need to negotiate a separate agreement.