ASSESSMENTS

Mercosur: Striving for Consensus on EU Trade

Jul 15, 2015 | 09:15 GMT

A photo shows a general view during the 47th Mercosur Summit, held in Argentina on Dec. 17, 2014.
A photo shows a general view during the 47th Mercosur Summit, held in Argentina on Dec. 17, 2014.

(JUAN MABROMATA/AFP/Getty Images)

Mercosur's upcoming summit will include several notable components. One will be a transfer of the bloc's rotating chairmanship from Brazil to Paraguay. Another will be the potential confirmation of Bolivia's membership in the bloc, although the Paraguayan and Brazilian parliaments still need to grant formal approval. But perhaps the most important, and certainly the most controversial, agenda item will be the discussion of increased flexibility for Mercosur in negotiating free trade agreements with third parties....

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