What could mean the Mercosur-EU deal?

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What could mean the Mercosur-EU deal?

First week
July 2019

The strategic association agreement between the Mercosur and the European Union is much more than a trade agreement. Amongst the positive aspects, it should drive the creation of trade, the specialization to a higher scale of certain sectors and a greater integration of local firms to global value chains. The access to cheaper inputs is another important benefit and would be immediate. This favors exports.