A South American Brexit? What to Make of Brazil’s Threat to Leave Mercosur?

Over the last 10 years, Brazil has recorded a trade surplus of US$87 billion with its three (full) Mercosur partners – an amount greater than that over either China or the European Union during the same time. Brazil’s surplus with Argentina alone is approximately US$8.5 billion per year.

RIO DE JANEIRO, BRAZIL - Jair Bolsonaro has never been a fan of Mercosur, the ‘Southern Common Market,’ consistently maintaining it disadvantages Brazil’s productive sector. But he has recently gone so far as to suggest Brazil could leave the union entirely.

In what effectively amounted to a blatant attempt to interfere in the domestic affairs of a neighboring nation, President Bolsonaro suggested Brazil might exit the Mercosur if the Subscribe to our Premium Membership Plan. Already Subscribed?