30 years after Ouro Preto. A contemporary response to the region's international integration
DOI:
https://doi.org/10.55444/2451.7321.2024.v62.n1.47855Keywords:
MERCOSUR, Multilateralism, RegionalismAbstract
The functioning of international trade today is characterized by a tension between the erosion of the rules of the multilateral system established since the post-war period and the parsimony of its development with the creation of new multilateral agreements with more disciplines to be harmonized. In this context, after more than three decades of existence, MERCOSUR faces two related challenges. On the one hand, to improve the functioning of the meager intraregional trade, for which the main problems are identified and different alternatives for change are proposed. On the other hand, the main challenge is to break out of the protectionist trap that has characterized its entire development and which is at the root of its poor performance in signing preferential agreements with third countries. The objective is to increase the openness of its own market and improve the conditions of access to third markets. Thirty years after the Ouro Preto meeting, there is no customs union, nor is there a path towards one. Different paths are proposed to achieve a regional format that can be applied and overcome the negative status quo.
This article has been published at the invitation of the Journal's Editorial Team.
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