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Significance
In Europe, environmentalist groups and farmers oppose the deal and have growing support among governments and in the European Parliament, in particular as a result of Brazil’s environmental policies. Argentina has adopted an increasingly protectionist stance since the return of Kirchnerism in late 2019, increasing existing rifts within Mercosur.
Impacts
European civil society and governments will push back on the deforestation of Brazil’s Amazon rainforest under Bolsonaro.
Green parties that are on the rise across Europe will demand the inclusion of mandatory environmental clauses before considering the deal.
The economic impact of the pandemic could strengthen protectionist demands from European farmers and Mercosur manufacturers.
Keywords:
Mercosur,
EU,
LA/C,
Argentina,
Australia,
Belgium,
Brazil,
France,
Germany,
Ireland,
Paraguay,
Portugal,
Spain,
Uruguay,
MERCOSUR/EU,
economy,
industry,
international relations,
politics,
social,
agriculture,
election,
environment,
foreign policy,
foreign trade,
government,
health,
manufacturing,
natural resources,
productivity,
treaty
© Oxford Analytica 2021. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2021
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