Despite Criticism, Brazil Not Likely to Abandon Mercosur

To sign a trade agreement with the EU, Brazil will need the Mercosur since the European bloc is not likely to enter into a bilateral trade agreement with a single country.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Despite statements made by future Economy Minister, Paulo Guedes that Mercosur would not be a priority to Brazil in the Bolsonaro Administration, representatives of the countries that integrate the trade bloc said Wednesday that they expect changes but no damage or disintegration of the economic alliance.

"Substantial changes in the functioning of Mercosur are necessary in relation to tariff barriers, convergence of customs rules, understanding of rules of origin," said FecomercioSP vice-president, Rubens Medrano, during the seminar “Intra-Mercosur Trade” in São Paulo, where bloc representatives discussed.

Medrano . . .

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