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The Mercosur–EU Preferential Trade Agreement: A view from Europe

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  • Messerlin, Patrick

Abstract

This paper first aims at assessing the economic and political importance of Mercosur for the EU’s interests in the short and medium run – say for the one or two coming decades or so. As Mercosur’s size is largely determined by Brazil’s size, this paper focuses on Brazil – although the paper assumes that, from Brazil’s perspective, a Brazil–EU preferential trade agreement (PTA) is a non-starter. It then aims at positioning the Mercosur–EU (MEU) PTA in the context of the EU’s current trade policy. In particular, it tries to assess, once one takes into account all the crucial goals to be met by the EU, whether the EU is likely to find the time and the resources necessary for dealing properly with a MEU PTA; this effort is notably complicated by the very divergent views on the role of trade between Brazil on the one hand, and Argentina and Venezuela, on the other hand. Finally, the paper examines the PTA options that can be seen as reasonably feasible. It suggests that, unless there are dramatic changes in Mercosur’s present trajectory, the goal of negotiating a fully-fledged MEU PTA should be set aside for some time – at least a decade or so. This does not mean leaving the negotiating table, but rather focusing on negotiating topics that remain attractive to both sides in the current context, and manageable and flexible enough to overcome the broad general problems confronted by Mercosur and the EU.

Suggested Citation

  • Messerlin, Patrick, 2013. "The Mercosur–EU Preferential Trade Agreement: A view from Europe," CEPS Papers 7764, Centre for European Policy Studies.
  • Handle: RePEc:eps:cepswp:7764
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    File URL: http://www.ceps.eu/system/files/WD%20377%20Messerlin%20Mercosur-EU%20Trade.pdf
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    References listed on IDEAS

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    1. Henrik Horn & Petros C. Mavroidis & André Sapir, 2010. "Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements," The World Economy, Wiley Blackwell, vol. 33(11), pages 1565-1588, November.
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    Cited by:

    1. Nogues, Julio, 2018. "Brexit trade impacts and Mercosur's negotiations with Europe," MPRA Paper 87416, University Library of Munich, Germany.
    2. Flôres Jr, Renato G., 2013. "In Search of a Feasible EU-Mercosul Free Trade Agreement," CEPS Papers 7767, Centre for European Policy Studies.

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