The victory of the Argentine Milei could wreck the EU-Mercosur trade agreement

Adriana Lima
By Adriana Lima 3 Min Read
origin 1Javier Milei speaks after his victory over Sergio Massa, Minister of Economy and candidate of the ruling Peronist get together, in the run-off in Buenos Aires on Sunday, November 19, 2023. ©Natacha Pisarenko/Copyright 2023 The AP. All rights reserved

THE Javier Milei’s victory in ArgentinaTrump’s presidential election has the potential to derail negotiations on the EU-Mercosur trade deal, as the far-right libertarian has threatened to depart the South American buying and selling bloc of his nation, Brazil, Paraguay and Uruguay.

If the deal had been to fail, the largest loser could be the EU, Gustavo Muller, a researcher at the Center for Global Governance Studies in Leuven, informed RockedBuzz through Euronews, because it desires to develop its affect in that area.

“Not reaching an agreement with the Mercosur nations and never ratifying the affiliation agreement could be (a) an incredible loss for the European Union, not solely on the financial entrance, but in addition on the symbolic and political degree in the relationship with America Latina,” he informed RockedBuzz through Euronews.

“In recent years the EU has tried to reassert its influence in Latin America, especially after the Russian invasion of Ukraine, when the EU tried to gather as many allies as possible.”

Despite these difficulties, Brussels nonetheless congratulated Milei and mentioned that it intends to take care of the partnership, particularly by concluding negotiations on the EU-Mercosur agreement as quickly as potential.

The trade deal was agreed in precept in 2019 after 20 years of talks, however extra environmental commitments demanded by the EU this 12 months led Brazil and Argentina to hunt new concessions that extended negotiations.

Now, the election of a local weather change denier, like Milei, could turn out to be one other argument for some EU member states, particularly France and Austria, to finish the talks.

“A new government in Argentina that denies the effects of climate change constitutes a new obstacle, especially from the point of view of the EU and in particular the position of the European Parliament,” Muller mentioned.

“But (at) the same time, the most important country in these negotiations – when it comes to climate change – is the one with the most Amazon rainforest, which is Brazil, and that’s where most of the negotiations will take place.”

The subsequent Mercosur summit is scheduled for December 7 in Rio de Janeiro, and a few are already pushing for a call at the assembly earlier than Milei takes workplace a number of days in a while December 10.

Share This Article
Leave a comment