Mercosur, EU, and the New Frontiers of Free Trade

On May 1, a transatlantic trade deal covering 31 countries and a quarter of global GDP comes into effect. Some thought it would never materialize, but after 25 years of off-and-on negotiations, Mercosur and the European Union committed to one of the largest free-trade deals in the world. So why did the two trade blocs to sign on the dotted line?  “ The reality is that today, given the approach that the United States is taking on trade policy, it really is nudging countries [...] to go ahead and take those risks. Because the risk of doing nothing is much higher than the risk of doing something," says trade expert Kellie Meiman Hock, a senior counselor at McLarty Associates and advisor to COA's Trade Advisory Group. In her return to the podcast, Meiman Hock explains how recent U.S. trade policy  spurred Mercosur and other countries across the hemisphere to diversify their commercial relationships.   She also covers the wrinkles left for the South American and European trade blocs to iron out in the agreement, and other deals in the pipeline as countries search for stability in a trade landscape she describes to AS/COA Online’s Luisa Leme as “completely unexplored territory.”  This episode was produced by Luisa Leme with support from Khalea Robertson. Carin Zissis is the host. Share and subscribe at Apple, Spotify,YouTube, or wherever you get your podcasts. Access other episodes of Latin America in Focus and send us feedback at latamfocus@as-coa.org. Listen to our previous episode with Kellie Meiman Hock on the impact of the Trump administration’s tariff policy on Latin America:https://www.as-coa.org/articles/latam-focus-trade-and-tensions-latin-america-braces-trumps-tariffs The music in the podcast is Paulo Moura's "Tarde de Chuva," performed by Cliff Korman Ensemble for Americas Society. Find out about upcoming concerts at musicoftheamericas.org. Find out about upcoming concerts at musicoftheamericas.org. Share your love for Latin America: Join Americas Society. Opinions expressed in this podcast do not necessarily reflect those of Americas Society/Council of the Americas or its members.Follow us on social media:X: @ASCOAInstagram: @ascoaLinkedIn: https://www.linkedin.com/company/ascoaonline/Bluesky: @ascoa.bsky.social Facebook: https://www.facebook.com/ASCOA/