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EU embraces Mercosur despite economic unease

This article was originally published in Clinica

Executive Summary

The European Commission has announced that it has reached an agreement with the Latin American trading bloc Mercosur on a timetable for completing an "ambitious programme of negotiations" aimed at signing a far-reaching trade agreement. The news brings the promise of exciting bilateral healthcare trade developments a step closer. It comes, however, at a time of great economic uncertainty in Latin America, most notably in the wake of the economic crisis in Argentina. This climate of unease was exacerbated this week with the Uruguay central bank's decision to suspend all financial operations, amid fears of a financial collapse.

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