Sustainability should be key in trade negotiations

cop21At the end of this year, nearly 200 nations hope to negotiate a 15-year agreement that will foster change towards a sustainable low-carbon economy and establish obligations for all nations. Previously reluctant nations have already offered ambitious reduction targets and the European Union continues to be the most daring actor. Business will play a key role in the implementation. This will be an opportunity for strategic actors to voice their views on possible impacts over free trade agreements, among which the Mercosur-EU FTA. Old attitudes, barriers and reservations will have to be revisited in order to look for win-win scenarios.

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Upcoming event: Free trade across the Atlantic – Reality and expectations

free-trade-benefits-and-disadvantagesHow will free trade with Europe develop in emerging powers like Argentina, Brazil, Mexico and Peru? Experts from Latin America will expose the perspectives and the potential of their countries for strengthening economic relations with the EU. In fact, Latin American countries have adopted different positions vis-à-vis free trade in the past years. Mexico and Peru have successfully transformed their economies to open, market-based ones. By contrast, Argentina and Brazil are pursuing political strategies which isolate them from the world economy. Indeed, increasing prices in Brazil have prevented its industrial sector from being competitive at the international level. Brazil´s answer was protecting its firms from the exterior. Nevertheless, the positive development of more dynamic Latin American economies has encouraged Brazil to restart EU trade talks. Mexico and Peru have already signed free trade agreements with the EU. Which are the perspectives of transatlantic trade? What do the involved countries expect from opening up their markets? These and more questions will be discussed with international experts.

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