The European Union (EU) and Mercosur
Summary :
Table of Contents
- Introduction
- Shared values and common interests
- Multilateralism and a common attitude
- Inter-regionalism
- The economic aspect
- Conclusion
- Bibliography
Abstract
"The objectives of this Agreement shall be to strengthen the existing relations between the Parties and to prepare conditions enabling an interregional association to be created. To these ends, the Agreement covers trade and economic matters, cooperation regarding integration and other fields of mutual interest." Here are the objectives put forward in 1995 by the Interregional framework cooperation Agreement that still shapes the relations between the european union and mercosur. As it is highlighted, the main ambition seemed to promote favorable conditions for a greater integration and trade liberalization with a view to ultimately develop the first inter-regional association and a top-world free trade area. Since its creation in 1991 by the Asuncion Treaty, mercosur - which includes Argentina, Brazil, Paraguay, Uruguay and Venezuela - has thus highly benefited from the european Commission's support to bolster up its economic and commercial project as well as to clarify its institutional framework.
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