Mercosur-European Union Agreement: changing the C Level Contact List perspective In June 2019, after more than 20 years, the negotiations for an association agreement between the European Union and the Common Market of the South (Mercosur) finally culminated. C Level Contact List At the G-20 summit in Osaka, the merger of the two regional alliances was announced as creating the world's largest free trade area. However, the agreement was probably driven less by trade C Level Contact List than by geopolitics: between US protectionism and Chinese expansion, both blocs are trying to position themselves strategically in the
world market. However, the European Union has so far C Level Contact List squandered the opportunity to set sustainable alternative standards in the midst of global crises. Mercosur-European Union relations Mercosur was established in 1991 through an agreement signed by Brazil, Argentina, Uruguay and Paraguay and today has Bolivia, Chile, Peru, Colombia and C Level Contact List Ecuador as associated states (the full membership of Venezuela, which joined the bloc in 2012, was permanently suspended in 2017). The project, which provided for free internal trade and common C Level Contact List external tariffs and was complemented by democratic control bodies such as the Parlasur regional parliament (founded in 2005), was clearly inspired by the European model. Mercosur has always suffered from economic asymmetries between the G-20 countries, Brazil and Argentina, on the one hand, and their small neighbors, on the other.
The tensions between the two giants and the resulting C Level Contact List nationalisms also hampered the achievement of the proposed integration goals: To date, only an incomplete customs union has been achieved and an autonomous mandate has never been granted to C Level Contact List institutions such as the Common Market Council and Parlasur. However, intra-regional trade increased markedly, especially during the first decade. The dialogue between the European C Level Contact List Union and Mercosur, which in 1995 resulted in a bi-regional framework agreement as