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Argentine Elections Could Narrow Brazil's Mercosur Reform Path

Apr 10, 2019 | 09:00 GMT
Argentine President Mauricio Macri, left, and Brazilian President Jair Bolsonaro are pictured after a meeting in Brasilia in January 2019.

Argentine President Mauricio Macri, left, visits Brazil to discuss the future of Mercosur with Brazilian President Jair Bolsonaro.

(EVARISTO SA/AFP/Getty Images)

Upon taking office, Brazilian President Jair Bolsonaro envisioned a deep reform of Mercosur's foreign trade regulations, with the intent of effectively freeing Brazil from its restrictions on signing new free trade agreements. But the window to approve and implement Bolsonaro's desired import tariff and trade policy reforms is quickly narrowing, with the potential for a leftist government to take power in Argentina before the end of the year -- thwarting the consensus he's built so far among the bloc's member states....

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