Mercosur, in intensive care

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Mercosur, in intensive care

Second week
July 2021

Uruguay has officially said it would seek unilateral trade agreements with other parties. It was a low-risk bet considering how things had been going in Mercosur. It is an open secret that the Uruguayans wanted to have a free trade agreement or some variant of it with China and other powers so as not to be "locked in" between Argentina and Brazil. It sounds logical that a small and open economy wants to trade with the whole world and not remain tied to Mercosur.