Will the EU finally sign a trade deal with South America?
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- čas přidán 19. 07. 2023
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After 20 years of negotiating and reaching an agreement in 2019, the EU still hasn't signed a deal with the South American trade bloc Mercosur. So in this video, we outline what's happened, why it's been put on ice and whether it will ever be ratified.
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1 - ec.europa.eu/commission/press...
2 - www.reuters.com/world/europe/...
3 - www.reuters.com/world/america...
4 - www.politico.eu/article/eu-me...
5 - www.reuters.com/sustainabilit...
6 - www.barrons.com/news/argentin...
7 - apnews.com/article/eu-latin-a...
8 - en.mercopress.com/2023/07/04/...
9 - www.reuters.com/markets/eu-wa...
10 - www.ips-journal.eu/topics/eco...
11 - www.ft.com/content/423f37e0-f...
So, European companies want to tender on projects in Mercosur with the same facilities as local companies but Mercosur cannot do the same? Where is the fairness there? Please someone politely correct me
It is a question of the rules of the game...if a European producer is not allowed to use certain pesticides, poorly paid labor, etc...eu goods will be uncompetitive. And nobody in Europe wants cheap labor. etc...the rules of the game must be the same.
@@zupasv.trojstvarogotin7749 on the contrary Mercosur has much higher quality in many agricultrual goods and that´s what keeping some european lobbies scared, they feel they can´t compete with our quality, productivity and efficiency
Can Mercosur do the same? It's not mentioned.
@@jam6636is tenders in Mercosur different? Usually here in eu its buildings or a railroad or a metro or a large it project. Rarely has anything to do with Agriculture. Could find some related to Agriculture but that was Analysis task, like environmental impact of policies and such.
Point is doesnt matter about the quality of farm products in this case, Also Think Many of those are already imported anyway. Though this deal would reduce taxes.
Not sure it is fair, though i Think there is concern with consequence of non-delivery as that is a problem already in eu with sourthern europe and there is a stereotype of South America being a crazier version of South America in terms of corruption and such. How is it working Mercosur now? Because if it works without issues internally in Mercosur Then its definitely unfair.
Your video is pretty accurate.
Talking about a Brazilian perspective, these deforestation you see in the news to mine gold, extract wood and grow crops are done by criminals and in remote areas, including the well known organization that exports cocaine to Europe. Most of agriculture belt and meat production is not done in these lands, Amazon soil is basically sand underneath the organic soil layer (you can search for an illegal gold mine in the internet) a real company does not use this soil.
Most of agriculture for exportation occurs in the center-west, they can grow 3 different crops each year (yes no winter) and have high technology, including to recover degrade land.
If you are a legal farmer, in Amazon you need to keep and take care of 80% of forest, in the center of Brazil 35% and 20% in the other regions.
Just to add things in perspective, if we want today to stop using gasoline and just use ethanol (you can use today whatever you want in you car) you would need to increase the use of soil in just 4%. We have 10% of biodiesel in diesel.
Our energy is 80% from rentable resources. Most of our emissions are related to deforestation and is just an estimation.
We have florestal reserves for indigenous people the size of France and Spain together.
Stop buying rare wood from Brazil and gold, do sanctions against exporters that can't prove goods origin, help us to monitor and find technological solutions to keep forest safe in an enormous territory.
Other types of actions are just protectionism and complains.
This should be integrated into the deal though. Lest another bad president takes office and removes all attempts at preserving the rainforest.
This is a very informative take! American media hardly ever talks about our southern continental neighbors sadly.
Its the green peace brain rot exported from the US. This is why germany is shutting down nuclear power plants. I want the EU to become more indipendent and that us social democratic nations would bind togher to protect our own mixed economic system. If the EU was only the pre 2004 border I think this deal would have been done long ago and the EU would have a much more independent foreign policy. From perspective it was stupid of us to expand the EU, we should have federalized before the expansion.
@@SophiaAstatine no one is against to add in the deal that, Europe should not buy products with uncertified origin or punish who falsifies certificates, we hate deforestation. If you buy it from a certified company, it will be respecting the legislation from Brazil that is extremely tough. Where in the world you buy land and need to have 80-35-20% preserved or do reforestation?
What they don't want to add in the deal are broadly sanctions to the entire country, over activities that are essentially ilegal and we fight against, but is difficult to control due to the territory size. It stops to be a supply chain of green products problem and becomes political. So in the future it can be used to make pressure against unrelated subjects.
Otherwise Europe should also apply sanctions to Brazil over other ilegal activities like exporting cocaine from Colombia. We should also enforce some sanctions against the cars Europe would export to Brazil (80% of or energy is renewable, so coal and gas are not acceptable), due to ilegal gold and wood bought from here ilegally, human trafficking for prostitution.....
@@julienriou4511 they are banned from entering EU market. The farmers that export to EU have to follow EU regulation. Spain, NL and Germany buy lots of food from us, they remain healthy and helped their inflation.
At the end of the day, as far as I'm aware, the only people who refused to sign the deal so far were European countries, because I strictly remember that the Brazilian congress already passed and approved the deal, and I'm pretty sure every other mercosul member did so as well
O congresso assinou o acordo? tem fonte disso? Pq até onde sei nenhum parlamento aprovou nada
Argentinian here.Nobody wants that deal here because it has absolutely no benefit for us.Maybe for Uruguay that has virtually no population,relevance or industry.
There's no possibility we, south americans, actually get real benefits from this deal. EU does so many demands and their protectionism is so strong, that i am pretty sure they will only accept a deal that will end up being bad to us.
They dont want a fair trade, they want our cheap resources only while protecting their farmers. And what do they offer to us ? Nothing more than intensifying our process of deindustrialization and technological dependence of rich and developed countries.
@@g.araujo1043 yeah it sounds like short term gains for us sustained by long term loses. And Europe is trying very hard to limit our short term gain too lol better let this deal fail.
@@g.araujo1043 There is no such a deal. You are reasoning like the English
What do you mean by "finally"?
Brazil and Argentina are priviledged trade partners for us Italians since the end of ww2.
Those two countries are our best allies in the South America. And also the leading countries of that continent.
We must have good relationships with them. And that also means having economic relationships that will benefit both parts.
It is fundamental for the stability of that region of the planet and for the stability of Europe too.
Every region of the world have its leadership. Either we like it or not.
For us Italians, this is an excellent situation. Helping Brazil and Argentina and receiving help from them is a win-win situation. We couldn't have hoped for something better. 😤
I don't think you know the meaning of the word "finally".
@@Konve it means "finalmente".
Italy is one country of the EU. It is not the whole EU.
SOUTH AMERICA IS NOT A CONTINENT
That’s lovely. I live in a city São Paulo where 70% of the population is of Italian descendant. We make very good pizza and are also the biggest gdp of Latin America. Uruguay and Argentina are even more Italian.
For decades the EU prioritized Africa over LATAM, which could be considered one of the most significant errors in European history.
Because the French gov is obsessed with its former African colonies.
and now africa is falling in pro-russian military coups.
Because LATAM is US territory
@@noirekuroraigami2270 not really, latam is pretty much brazil territory, which recently has been aligned with BRICS, especially, Russia and China
@@potatounoAhhh quite not realy.
Brazil is indead a powerfull player in the region but the US also does hold quite some power, despire the fact that they mostly ignored the region post cold war.
And even the little power that Brazil has is slowly being lost to China.
Europe wants free markets, but just for others and never for them!
The world is still mercantile
We are still under colonial rule after all
rules for thee but not for me.
america should continue on its current path, increasing commerce with china and russia and reducing it with usakistan and its lackeys.
Very clever from them.
it's call NATIONALISM or not being stupid.
@@DyausAllback It's called hypocrisy.
France is the only reason why this hasn't happened yet.
Fake
@@ajnc78 No, thats actually true. Do you think France actually cares about Brazil deforestation? Ew, Europe decimated its original forests after ww1 and ww2 almost to 100% and nobody cared. So saying France won't commit to EU and SA because of these concerns its just innocent. Brazil in itself its a meat and agricultural powerhouse which may lead to uncetainty for France and Austria markets.
@@UnknownSurvivor95 No solamente Brasil la carne vacuna Argentina es la mejor y mas deliciosa del mundo y el sector agricola de Mercosur es el mas competitivo del mundo gracias a sus ventajas naturales si hubiera "libre comercio" UE-Mercosur la agricultura Europea seria muy dificil de mantener asi como la industria poco competitiva q tenemos en Mercosur seria miy dificio q sobreviva a la competencia industrial de Europa esa es la principal razon xq despues de 20 años todavia no se llega a un acuerdo...
@@ajnc78 Brazil is not accepting because of the additional letter that was made by France
The other reason, Bolsonaro, is gone. Time for France to get its act together.
Argentina, Brazil, Uruguay and Paraguay has unimaginable food production capabilites, Argentina has tremendous resources of natural gas, Brazil and Venezuela huge oil reserves, Argentina and Brazil has huge reserves of strategic minerals that Europe can buy to keep their economic growth going without any altercation from other countries like Russia, it's a win-win situation for EU and Mercosur
Yeah
It would be a big loss for Ireland, where our food exports comprise an essential part of our economy and upholds the social fabric of rural areas. Irish beef, dairy products adhere to much more regulation than in south America, we treat our animals better and don't need to cut down rainforest for our land. If the deal is signed, this is all gone.
@@louisxix3271 Hi, I'm from Argentina, and I assure you we treat our animals very well, I'd argue they are happier in Argentina since it's spacious and has better climate. I agree that there are less regulations though
@@louisxix3271 Ireland has only 1% of its territory covered by natural vegetation :))
@@user-yd1gu1fg7k correct, as it has been since 1800. Our forests were also much less rich in animal/plant biodiversity than the Amazon.
As a Brazilian living in the EU, I really like the coverage of this topic. This is pretty accurate. Congrats.
not really, lula hasn’t done shit to lower deforestation
@@lucdodgeterra4032
He'll do nothing about it, just like all the predecessors.
How does your nationality grant you any form of authority over this? It's a pretty daft point to make. It's like "Bro I am American, I know what happened in area 51".
@@pablobomgiorno8273IKEA and European meat consumers just got good news
@@lucdodgeterra4032at least deforestation slows down right, govt not promoting it
As a Belgian I can tell you that large amounts of Brazilian goods are transported here to our ports to be processed
The harbor of Gent has gigantic steel plan and cars factories as for Antwerp the chemical and especially petrochemical industries cover the North of the city
Same for the Netherlands.
What about drugs?
@@ARMA851000 we don’t talk about other imports of Antwerp
@@ARMA851000That also happen, but it is more common among Colombian and Ecuatorian products
Faz o L então, que melhora.
One major issue with Mercosur is that it is heavily dependent on how the governments of Brazil and Argentina feel about each other (with Uruguay's and Paraguay's playing a lesser role). Things tend to progress one way or another when there are political allies in each government, as it's the case now with leftists in Brazil and Argentina (Lula and Fernández) or some 5 years go with right-wingers Bolsonaro and Macri. However, whenever there is a mismatch between Brazil and Argentina's governments (the left in one country, the right in the other) Mercosur becomes unable to make any progress at all since both sides won't agree in anything.
Argentina and Brasil are like 2 titans in south America,maybe the clash,maybe the go in the same direction, we never fuking know
@@vandal2816 Brazil is the only titan
As a brazilians you are very correct about the fallout that happened when it was Bolsonaro - Fernandez. But Bolsonaro created problems with basically every country. Argentina is a brotherly country to us, like Finland - Sweden. Previous presidents did got along despite political orientation.
thats democracy for you :)
@@larissamello374 the only reason argentina play along with us is because they are broke. you may see them as friendly but don´t make the mistake assuming they like us
The real reason EU may accept it now: Desperation from their degrading economy situation over the war in Ukraine.
Before that, it was way too easy for them to halt the deal over "environmental issues", to protect their lobbysts.
On point.
Nah, if every EU member needs to give the thumbs up for the deal to be done it will never happen. France will use any excuse they can to prevent it because their subsidized as fuck farmers can't compete with mercosur.
what kind of mudboy larping as a roman are you? LMAOOOO
-Yes! We produce food for you and you give us technology!
-Clear! But I don't pay you any fees and you will have to pay me.
-No.
If Europeans can sanction Latin American countries for violations of their environmental concerns, who can sanction European countries for their own violations? For example, storing money from corrupt politicians they know has been obtained illegally and is being kept from their rightful owners.
Switzerland is not part of the EU, and EU implementing laws to control that kind of money was a big reason why UK politicians started the brexit argument and now they aren't either part of the EU.
Irlanda.
I'm from Argentina. While it seemed fair that EU viewers don't know what the MERCOSUR is, we on the other hand know the EU quite well.
Wind resources of Patagonia, shale gas of Neuquén, offshore sea basins, lithium, vast and unexplored Patagonia with enormous potential for rare earth... Argentina has resources second to none but a corrupt and incompetent political environment to hold it back forever. Hope the new deal paves the way.
I know what it is I've seen it in highschool , but people older than me probably don t
I think anyone who went to school in the EU after 1990 knows what Mercosur/Mercosul is. We are not like the UK and US
@@ixlnxsthe UK never taught anything substantial about the EU in schools either. Otherwise Brexit would never have happened.
@@ixlnxsnope, never heard of it before and not in school either.
On the thumbnail, the Republic of Ireland isn’t marked in blue like the rest of the EU. Kinda weird
Ireland doesn’t exist, it’s just West UK
@@BrightWendigoit shouldn't even exist.
Kind of VERY wrong!
As per usual the Brits just can’t help but feel they own us.
Wait tldr is british right ?
Hopefully if deal is struck it will be beneficial to South American states, hopefully improving lives of people and securing the natural wonders of the continent.
Ummm... The US won't allow that.
@@sueyourself5413I don't see why not? That seem to be more focused on harassing Central America and the Caribbean
@@sueyourself5413the US can benefit from that indirectly if South American people’s quality of life is improved then they would have less incentive to migrate both legally or illegally to the USA
Securing = looting
@@D0wNhiLL Except the US doesn't do that. The US rather that be a problem, has a massive drug demand and ships weapons South. There is one legal gun store in Mexico. It's in Mexico City, directly beside the Police HQ. The cartels are equipped with the same weapons the US army uses.
Any socialist leader will be kidnapped, killed or usurped.
My main criticism of this agreement as a Brazilian is the fact that Latin American countries will have to carry out State purchases with European companies. This type of policy would be terrible for Brazil because state purchases also have a social function. It's purpose is warm up the national industry, generating jobs, research, social development and industrialization. Brazil need to be fully industrialized if we want to contain this predatory cycle of the agro industry and inequality void.
As a brazilian also, i disagree completely. We had a protectionist, statist policy for decades now and we are now left with a diminishing, non-competitive industry, halted projects and embezzled public money are endemic, and subpar, expensive manufactured goods. Most of the foreign investment would translate directly to better infrastructure and creation of jobs, which we desperatly need. It will also be a good wake-up call to the national corporations that previously relied on political connections, monopoly and bribery to get those works, rather than providing the cheaper, better services.
@@andrepazzetti5246 as an Argentine, we've been through many cycles of both types of policies and it's basically between deciding to have subpar expensive manufactured goods or no manufacturing at all. During the 70's dictatorship, suddenly opening markets to imports led to 40% of our manufacturing sector being wiped out in a single year, and then again during the 90's we had another shot at an even more aggressive neoliberal reform (this time with a constitutional reform as well) and we ended up with even more industrial loss and a 25% unemployment rate. On the other hand, protectionism leads very quickly to embezzlement, uncompetitive companies addicted to State subsidies, and almost no industrial export capabilities to the wider world.
There has to be a balance between having pro-manufacturing protectionist policies and free market policies, bouncing around both extremes has proven both ineffective and detrimental to our economies. I'll admit I'm partial to a more protectionist approach simply because we can't settle for just being raw goods exporters (it'd be like remaining a colony) and because if there're no policies put in place to reabsorb the inevitable loss of manufacturing jobs caused by pro-market policies, the policies themselves won't be sustainable over time (job creation takes time, while job losses are immediate and people need to eat every day). However, I'm acutely aware that protectionism must be used strategically and as a stepping stone for something better and more stable, not as a continuous state of things, for it's not sustainable either (money runs out eventually if you spend it to make things you can't sell).
TLDR: We need to strike a balance between both economic approaches or we'll be sentenced to eternally choose between the same two flavors of poverty.
National industry in both Brazil and Argentina is rotten to the core. The good thing about this treaty is to finally break them for real industries to grow.
No, because of protectionism disingenuously disguised as environmentalism and Brazil and Argentina also being protectionistic historically, with some exceptions.
Expect China to continue taking a larger share of the South American market
Not sure why protectionism is a bad thing?
Bro... the protectionist countries are the Europeans, otherwise the Doha meetings regarding agricultural agreements between EU and South America would have flourished, but of course protectionist Europeans didn't want to stop subsidizing their primary sector.
@@zackgravity7284it limits economic growth and makes the economy uncompetitive in the international market,
the EU being too stringent & protectionist in its business practices are the main reason why its domestic economies aren’t nearly as robust as the US & why the only major immigration it attracts are muslim refugees who live off the welfare systems instead of business-oriented Latin American & East/SouthE Asian immigrants (who are actually beneficial to the economy)
@@shiny_teddiursa the us is losing all its manufacturing jobs to mexico tho?
@@zackgravity7284yes but that is cheap manufacturing. Skilled manufacturing stays in the US and the us has benefited from NAFTA believe it or not.
I'm Uruguayan and we often feel hostage because of protectionist policies or alternating governemnts in Argentina and Brazil who should agree to this. But we also are very aware that FRANCE has huge subsidies for their agriculture businesses and fear this deal would impact that and are making up all sorts of excuses to avoid this and the latest is some concern about criminal activity somewhere in the amazon. It's a shame because free trade agreements benefit effiiciency and everyone involved. It's always a win-win situation where each party will prevail in providing what they're most efficient at. I'd love to buy goods produced in Europe and not pay a hefty 60% tariff on them while we could sell our products in turn to be enjoyed in europe at reasonable prices such as grass fed, free roaming beef, or software development. Also I find the EU to be a close cultural force in the world - and everyone likes to do business with people you feel alike...as in, I'm ok having free trade with China but it stops there....whereas with the EU we have a larger base of cultural connections that could also be strengthened and that's no minor benefit too.
As a European I kinda feel the same way. Would love more trade, but I'm obviously concerned that cheaper labor would undercut our production. But because there's a common culture and history, it's a lot easier to trust, than a (as an example) Chinese trade deal.
Como un Europeano, estoy de acuerdo.
As a Brazilian I totally agree with you. Would love to see less protectionism but unfortunately a lot of people believe that they can create a industrial/technological base with that.
Vos sabes que si este acuerdo prevalece los productos agrícolas y ganaderos se nos van a encarecer pila no??
@@emilianomederos Porque en Uruguay son regalados ¿no?
I’m Brazilian and I hope the deal is worked out sooner rather than later. Even though there are a few rough edges, it’s exciting to see both sides working towards a common ground
I am portuguese and I most definitely hope so too. But I surely don't want to see the environmental questions being overlooked for the sake of economic growth. Those sanctions in the proposal make perfect sense, that is exactly what we do internally in the EU - if our industry/farmers/governmental institutions don't respect the EU environmental regulations, the country is sanctioned, and that's how democratic countries keep their commitment over time regardless of the elected government.
@@mmarques2736 The Paris Agreement already has this type of sanction defined, putting this in the accord just shows how the European Union in an attempt to make its agricultural sector protected for decades, happier and with political power, which in my view is a Eurocentrist arrogance.
@@mmarques2736 hello fellow lusófono! I agree. I fully support making countries that fail to comply with environmental norms be sanctioned - I also wish we were so during Bozo years. I understand why Brazil is trying to get that out the deal to minimise risk but the overall idea of such risk is precisely to make those protections compulsory. No future imbecile president in the likes of Bolsonaro would dare commit the atrocities he did if sanctions were a tangible and effective consequence.
@@mmarques2736 sorry, i know u are well intended, but sanctions are not a good way to go. sanctions = hunger, particularly in poor places. sanctions should be a last resort, like war... sanctions should not be your default diplomatic approach to problems. history has proven that sanctions hurt the poor the most. i also am against deforestation, but threatening sanctioning us is absurd, cmon, why dont europeans dont sanction themselves? they are not better than us when it comes do the climate crisis, in fact they pollute way more per capita.
yo espero que no.
a los americanos nos conviene mas asociarnos con gente que nos trate como iguales y que no nos trate de imponer sus criterios.
THIS WILL BE GREAT FOR THE UK!
Wait....
I was expecting a comment like this to be fair as I also had a similar thought :D
@DiotimaMantinea-ub6yr exactly, like all other countries who happen not share the same regulatory framework as the EU.
Why though, we have a trade agreement with Brazil..
*Falkland war flashbacks intensify*
@markener4316 Have a look at their military spending. Google is your friend.
This is exactly the kind of thing the EU can do. When you're a large trading bloc centered around shared values and priorities, you can assert gropolitical influence. This is why Russia sees the EU as a threat and why China tries to gain influence inside the EU. And, the US too, though as an ally with mostly shared values. Where Europeans don't agree with the US, the EU can become a way of pushing the US to do the right thing.
All those Brexiteers, and Hungarian nationalists and French euroskeptics have never understood this. But it's so simple. If you want control over your way of life, you need influence in the world - and that can only be had with size.
They can do... a trade deal. After 2 decades. Wow. Impressive.
But we all know who really has the most Influence in EU and that's Israe...
@@realShikha885I think that's only a pushed conspiracy bc of how good EU is. How come that u think that tho? There's a big chunk of EU countries that even recognize Palestine as a state.
@realShikha885 you can shove your antisemitism where I think :)
Eurosceptics groups across Europe were / are? financed by Putin. Putin trolls still pretending to be outraged British citizens in the face of whatever the EU does or says.
Lets hope a good-for-everyone deal can be achieved.
Thanks for not wasting time with “a little bit of background “ on the EU. I hate when news sites do that. I was listening to one news site and every story, no matter what, they always did a “ before we start, let’s take a step back and discuss who/what/where they are” they literally did a story on Donald Trump and said- now, so and so panelist, let’s take a step back. Who is president trump?-
There is a mistake in the thumbnail ireland isn't included in the eu
Very disappointing
@@Victor-ek1fw They say that in the video, didn't you watch the video?
A sign of the future?
Yes it is.
Or am I missing some kind of attempted sarcasm
Hopefully, it won't be a mistake in a couple of years. Ireland is like Israel... They will ALWAYS have the backing of the US
Love the: "Ending for all three version" part
Thanks for informing about an important topic I have not seen covered in regular media.
We've been trying to get the EU and Mercosur to get an agreement like this in Spain for decades. The benefits for Spain would be incredible due to the already good relationship with pretty much all Spanish speaking countries and Brazil and a well established network of companies and bussisnes in the region and Latinamerican companies in Spain providing a lot of work aswell. Idk how much of a benefit this would be for other countries that have not invested so heavilly in the region as Spain, but for us it would definetly be great
Yes, Spain could be the most favored with the agreement.
The EU need to warm up to the fact that they can no longer write up a trade deal with whatever conditions they want and expect it to pass in the CELAC region. Equality feels unfair when you are acustomed to privilege
Good quality content I am happy to subscribe to. Thank you TLDR
This nebula ad was great, sharing some content that actually made me subscribe! Good job
Having the Brits leaving the EU really is a gift that keeps giving.
So why go on about it? Move on.
@@jeffsmith3392because it keeps giving...? Also, it's too damn funny to see the UK-wrecking themself further and further while still behaving like the infamous King without clothes 😂
@@NotUnymous what are you smoking? Brexit is great. I have no complaints at all. I even went to Europe this month, first time in 8 years.. I queued up like always, only difference I had my blue passport stamped. It'll be another 8 years hopefully.
@@WestfaliaStuff I've voted for Farage many times. Great patriot.
@@jeffsmith3392 Hahaha - You are also a gift that keeps giving.
This deal is important, the EU needs to start being more strategic in the international scenario as well as securing important resources. Plus this could be great for Mercosur to develop their economies and also increase their international footprint
The EU is 27 different nations, with around 18 languages. Its hard to be strategic with such diversity. South Americans at least speak the same language except Brazil (which is the same language family). But its a cool deal, it has big potential, because the EU + South America doesnt play major role in the world. Its the US, China and Russia is trying even though its not longer superpower. This can boost the EU and Spain, Italy and Portugal especially.
South America was ready to sign it in 2019... Is the EU (Specifically France & Germany) that are afraid of going face to face with Brazilian agricultural products and started bombarding the deal with absurd demands such as a red-card-sanctions that can be pulled for absolutely no reason at any time. Obviously Brazil wouldn't accept it.
@@Aggoenixrussia has been trying really hard to get political favour in S-America. Ofc it has been successful with a few of the most famous corrupt leaders/dictators, but for the rest it seems their promised of economic benefits and deals is very limited and temporary, just to Russian benefit and not much to South America. EU, however much ppl love to casually hate on it, is quite consistent/dependable and largely a reliable partner, if they make a deal they stand by it, they don’t pump & dump like China does, the fact that making deals takes a while only shows that its worth pursuing, instead of the countries that are glad to bankrupt a country by rapidly buying and investing for a very short time and then not sticking with it. As far as i’ve read that strategy by the Russians/Chinese has been pretty damaging to many of the South American countries they’ve engaged with, its not stable
@@Aggoenix you're missing a point, that is: the governments of south america rarely agree with each other, and they're generally unstable.
I would never imagine someone could even think in pronouncing "Jair" like that
The world without IPA phonetic transcriptions, Jesus Christ
(The actual spelling is /ʒaiɹ/ zh, the i in "dive" and an r like "curse")
I think it’s because some germanic countries pronunciation of J is like Y.
As a brazilian my personal opinion about it is....the best agreement is no agreement at all.
a large group of countries can get better conditions than a single island in the North Sea. That's why I'm for the trade deal.
It will be fun to point out this deal to brexiteers...
@casbot71
1. The Eurozone is in recession.
2. Germany is in recession.
3. The Republic of Ireland is in recession.
4. The UK including Northern Ireland is not in recession.
5. Based on all the above, brexiteers are already having all the fun.
@@zorrodm source: trust me bro
@@Cristcosta01 source - Eurostat (EU's official stats agency)
@@zorrodm sure mate i'm sure cost of living in uk is incredibly low
As a Spaniard, I think this is necessary, and through Spain we should have free immigration to the country. Spain is closely related to our Hispanic brothers, and we prefer this immigration totally adapted to our culture than the Islamic one. In addition, the European Union must look beyond the horizon that it uses.
Correct take.
bro if only every European thinks this way,.. i have always thought of this as someone from latin america,.. now living EU, like this guys struggle with "population" yet Latin american is populated by EU descendants,.. Culture is a 1 on 1 with Europe, no bs, the moment i set foot in Spain i thought to my self,... wow its like i left home to go to my "second" home, crazy, the same happen when i was in Italy, i am Argentinian btw
I took me 5 years to solve the immigration paperwork in Spain. Sure, we can do same for you.
Then Say good by to oil and gas and all ressources from muslim countries..
@@ReyZar666 ..Then Say good by to oil and gas and all ressources from muslim countries..
There will be a trade deal. The question is if it will be concluded in 2025, 2030 or 2040....
As a brazilian, the funny side of this story is seeing both Lula, considered by many far-left, and his predecessor Bolsonaro, a far-right politician, sharing some of the same takes about the deal. They both dislike, obviously, EU’s sanctions threats concerning environmental goals and its rigid protectionist practices.
BUT, with a very different aproach!! Bolsonaro says: "Our forest, we do whatever we want to". Lula Says: "Our forest. So if you care, you (big nations) have to help". Also, Bolsonaro never give a goal about enviromental protection. Actually, on his goverment he did a lot of actions to show the world that illegal mining, wood extration and forest land devastation for agriculture occupation was his goals.
Fun fact: Bolsonaro and hist economy minister also insults the macron's wife "ugly".
Lula is a social democrat... not far leftist... I don't get how so many people put him as being far left... his vice president is center right.
I mean... He has to conceede and negociate everything because he does not hold majority. That is no such a way he can be classified honestly as far left... only the propangandist might do it...
lol Lula far-left? who says that?
@@marcio476 there's absolutely no way to compare Lula with Bolsonaro, that's a false equivalence. Anyone who uses this kind of fallacy is not being intellectually honest
@@G_Koch uh, the Lula sindicate past? if you know the center left of Brazil is PSDB, that is declined since the second fail to Dilma Rouseff, when the same was impeached, liberals and nationalistic parties rised, and the figure of Bolsonaro too
As a brazilian, i am waiting for more enviromental regulations, but, in other side, i am waiting more space for latin american manufatures in Europe. Brazilian junkers are destroying Amazon and their economic primarism and land concentration is the cause for our scandalous inequality. We need a eco-technological economy and not an neocolonial economy based in farmers. European farmers are more responsible than brazilian modern feudal lords with their belgian size properties, but we can contribute a lot more for europe exporting our solar panels and wind turbines.
Profit begets Poverty
Brazil can contribute a lot by exporting Underwears and Bra to Europe.
As a Brazilian, I like starting my messages with ''As a Brazilian''.
Congratulations you have gobbled up eu propaganda wholesale.😂😂
@@toyotaprius79is that why poverty is lower in Europe?
It obviously is a net positive. If some people/groups are affected negatively, the reasonable response is to help them in other ways - not halt the entire economy.
It's impressive to se von der leyen so active, I mean I guess it's her job but I don't remember anything of the last European commission president, meanwhile von der leyen is in everything
As a Spaniard it’s so sad to see how others can’t see how fantastic, necessary and beneficial for both this would be. I blame us, the Europeans, stop demanding things and adapt to them as well. You cannot have it your way always. Grow up EU. I hope Spain’s presidency of the EU this year will change things for the better, strengthening this union.
How about Spain stops giving work Visas to any Latin American with a Spanish ancestor. 😂
@@mellowado6184 The least xenophobic European
@luanmateus4505 That's right. Ancestry has nothing to do with Xenophobia.
@@luanmateus4505 how you enjoying our technology? LOL Its no wonder europe rekt all of you
if we can't have it our own way then why does this union exist in the first place ? If it is for our economies to be destroyed i'd rather leave the union
3:10 That's what we dream in Brazil, lmao. I really wish there was no more monopoly over the production of cars in Brazil. For those who are not aware, all cars in Brazil must be produce nationally, and what happens is we pay 3x more for shitty cars. But yeah, it's hard to break this monopoly/laws.
Same in Argentina, we get worse cars and worse models/versions of the same European cars. And all for a heftier price tag
All vehicles sold in the Brazilian market are already produced by foreign multinationals, including the European ones, so the products offered wouldn't change much at all. What would change is the industrial jobs Brazil would lose out of this, making it continue to be an agricultural colony for the Europeans
@@ttuliorancao you are totally wrong. The companies are indeed multinationals, but because our markets aren’t as profitable and because they barely have any competition, they produce way worse quality cars. We have the same car models in theory, however they aren’t exactly the same. The ones produced in Mercosur are made with cheaper materials and they don’t have the same add-ons as in Europe. And sometimes they are even more expensive the ones sold in here.
Allowing car imports, would allow for more competition and the car manufacturers in Mercosur would have to improve their quality and efficiency. Not only that, but the whole trade deal would allow for spare parts to be imported and the cars produced here would have better components.
You are literally in favor of fucking the majority of the population, the people who either can’t afford the cars in the current market and the consumers who are getting worse quality cars for the same money as europeans, just so that these companies can keep profiting off of the people and to save a couple hundred jobs. (We are talking about literal millions of people benefiting and you are talking of just a few hundred people who aren’t doing their job right)
I’m Uruguayan and I think its a shitty deal. Argentina and Brazil are broke, so probaby anything is good for them. Our president hates Mercosur tho.
Dam right. You're South America's smartest county by far
@@mellowado6184 thanks buddy
Chile and Peru are part of that deal too. In fact Chile already have a trade deal with the EU.
Chile one is really important for the EU, too, because Chile is one of the top producers of key critical minerals needed for the green transition and European green industry.
Chile and Peru are not memeber of mercosur, thus, not part of the EU-mercosur agreement.
They are associated members of mercosul. Not full members. But they do participate a lot.
I'm still disappointed South America can't get enough stability and joint vision for the future to set up a proto-EU like organisation that covers most of the continent and lasts more than a few years.
South America being able to speak with one voice on trade (and foreign policy, and maybe even defense purchases) would make it a big player.
Interesting, yesterday we've been having this debate with a friend. Is it possible to transfer EU model to other parts of the world? We've agreed on no, but reasons were different. Mine was that european culture values matter and his that ptsd trauma from millions of dead in war is needed for people to stop killing each other.
@@anitagorse9204 The exact structure and rules of the EU would probably be a bad idea, yes. But something that has a single market, (near) free movement of people, goods, services, money, and some kind of evolving partial defensive alliance, all that steered by a organisation that is in part run by a unified parliament and part run by the national governments making deals between eachother?
I do think that would work in more regions.
Africa has the African Union since 20 years. Not the same as the EU, no, but it does exist and does work (in a more limited scope than the EU).
South America could have one too if it had enough stability in democracy and economy, I think. And then gain more stability from having it.
But to think it a quick fix for anything would be silly. Long road to get it going, long road to get it working in a meaningful way, long road til it gets a permanent seat on the Security Council ;) (which I do think a South American EU could have if it existed).
@@GustavSvard That's the objective of Mercosur, south american (south cone at least) integration. Mercosur's structure already allows the free movement of people goods, services, money, and they do have a joint parliament called parlasur. As a matter of fact Mercosur was founded before EU (1991 vs 1993)
@@MS1GTA honestly, I kind of I forgot about Mercosur. :)
While the EU was founded in 1993, the origins of the EU goes back to the Coal & Steel Community of 1952. i.e. It's taken Europe a process of 70 years to get where we are now. And even if Mercosur has the EU to look to for ideas and experience, I'm not convinced we'll see it acting as unified as the EU for many many years yet.
But it's a start! Would love to see more news on how Mercosur is doing.
If Mercosur keeps progressing, even if "just" fully implementing the current stated goals & visions while also getting all the South American countries to become full members, that would mean it being very close to being ready to basically be able to peacefully demand a real seat at the table of global politics. G7 would need expanding, Security council too, etc.
Thing is there are two decent market centered countries in the Mercosur and then there are the two big, closed for trading countries of Brazil and Argentina, which control the block. Dragging the rest of South America into it would make them worse trading partners under Brazil and its France-Germany role.
Chile and Colombia in particular have it better, they should have a block themselves with Paraguay, Uruguay and, why not, call Panama as well since they are transcontinental. These are the only counties in the continent that seem to want to do stuff properly.
I would only want a united South America if its economic policies were arranged on the molds of Chile and Uruguay and not of Brazil and Argentina, which is not going to happen.
WHY isn't Eire part of the EU map on your presentation slide?
you mean West UK?
It's Ireland is one of members of EU, because Brexit put the pressure border "hard brexit" on Northern Ireland will unhappines due to deal of issues trade with Ireland (EU) after brexit.
A lots of complicated things and stories. But Ireland is EU.
Remember that Brazil still have Forests while Europe don't.
There are plenty of forests in Europe. Germany is about 30% forest. In Latvia it's 40%. It's mostly Mediterranean countries that got seriously deforested, and that happened during the Roman period already, so it has nothing to do with industrialization.
@@HeadsFullOfEyeballs this size of Forests are irreleant If you see that Brazil still have 60% of Native vagetation. Only Amazon is bigger than the most of europeans countries together with exception of Russia.
@@HeadsFullOfEyeballs Brazil have plenty of states bigger than France, germany, uk etc. Its easy to Control and keep Native vegatation in a irrelevante area. Brazil have strong laws to protect Forests and Brazil have Very clean Energy production. Big lies are been spread but the truth is that Europe want development in Europe and Forests outside.
I'm Portuguese and my family house it's next to a florest in Baião,so we do have florest actually tons of it,since Portugal has a big logging sector,we used to have way less but Salazar covered Portugal wiith forests to produce Paper and forest related products like glues
Nice video love your work
Love the videos guys but you really need to sort the audio out the voices are too quiet and the intro music's far too loud. Please sort it out
Here in Brazil, we know. There is no interest from European politicians because farmers in Europe are afraid of competing with Latin American products. So, the "environment rules" are in fact only to generate exportation costs that decrease the pricing competition. Obs: no significant changes in Amazon deforestation from the last years (this is something in the imagination of rich countries people, get the proper numbers from trustable sources).
No change? So do Brazil kept the 10,000-squared-kilometers-per-year pace?
@@paolocarpi4769 same as ever
This is just a false narrative spread by the agricultural industry because they don't want further environmental regulations
@@paolocarpi4769 Don't mind him, he's a fascist that supports the former goverment. They live in a bubble, denying reality.
@@paolocarpi4769 there are a lot of negationists in brazil too, unfortunately
A trade agreement without England
(reference 😉)
Coff Coff UK coff coff Argentina, folkland island coff coff
D Folkands arr Bri'ish m8 🇬🇧🇬🇧🇬🇧
No enmity tho 🇬🇧👱🤝🐵🇦🇷
Its the rotting corpse of british empire. Leave it on the side.
Unfortunately...😢
Of course,and will remain ,,without'' for at least half century.
Any reason why Ireland excluded from your EU map on opening graphic?
You know exactly why. Because despite everything that has happened the Brits still don’t recognise us an independent nation. And they have no idea how fcuking annoying it is.
I believe that for a good trade deal you shouldn't rush. It takes time. And credit to the EU for making the rainforest an essential part of the deal. But i think its been long enough at this point.
Yeah, protecting the Amazon is super important. If they are let alone, big farmers would burn everything to plant soy and raise cattle.
But the part about EU companies competing in equal ground with mercosul companies for public contracts is just shitty. It will just further our deindustrialization
The deal has been under negotiation for decades.
Well tell that to Ukraine... From one of the most corrupt country suddenly fast track to NATO and EU membership...
The deal was made in 1999 and finalized in 2019. It is the longest in history.
@@anubizz3they will not join EU for the next 20 years. It’s just a perspective, to send a message to the Ukrainian population and to their enemies.
Austria is against MERCOSUR in it's 2019 form, so it won't happen without major rewrites. So it doesn't really matter what anyone else thinks because all member states have to agree.
9:13 ENDING FOR ALL THREE VERSIONS
So important
Time is running out, but there is so much to discuss.
can we get a video on spanish election coming up?
France so concerned about deforestation, let's talk about French Guiana, which is destroying its part of the Amazon rainforest with deforestation and mining.
They don't even manage a tiny piece of land that is French Guiana and they want to dictate rules in other countries? Embarrassing...
The French are hypocrites, they say this shit while they still keep their colonies and collect payment from them. Shame on the French for real.
french guyana isn't being deforested at all dude
@@sulliax694 it is not what was presented at UN COP25 and I don't say that with joy, not at all.
@@rafaelmns I couldn't find the section on French Guiana in the COP25 report, but I did some research and while it's true that there is deforestation due to illegal gold panning (not France's fault) and the need for electricity, particularly renewable electricity (necessary for the ecological transition) in French Guiana, this is in NO WAY comparable to the situation in Brazil. Moreover, France's forest cover has increased by more than 20% since 1985, while Brazil's has decreased.
@@sulliax694 Sorry for the long text, but it has important information.
To make it clear, when I complain about France it's about politics, France is a beautiful country with a beautiful history and I hope the Paris Olympics are extraordinary! And another thing, I didn't want to say that Brazil doesn't have problems, it needs to improve in several aspects! Like many countries. But let's go... I don't know which country you are from, nor your knowledge of Brazil but here there are 5 main different biomes: Amazon rainforest, Atlantic Forest (this one has a greater biodiversity than the Amazon rainforest), Cerrado, Pampa and Caatinga - I didn't mean it, I really don't know how to translate these names into English.
Considering the entire Brazilian territory, we have more than 60% of vegetation cover that has never been touched. The Brazilian Amazon rainforest has almost 85% of vegetation cover that is intact.
In the same way that French Guiana suffers from illegal activities, Brazil also suffers, and we have a huge problem, we have the 5th largest territory in the world, if France has difficulties to stop illegal activities in French Guiana, which is incredibly small, imagine Brazil.
Another interesting fact is the Norwegian Statoil (owned by the Norwegian government) destroyed/polluted several sources of the Amazon River with toxic metals and even so the Norwegian government, in recent years, wants to tell us how to control the Amazon.
The speech of many rulers is very beautiful but in practice they are just commercial interests, unfortunately.
As a Brazilian, I firmly believe that we've invested far too much time in an agreement that appears to be leading nowhere. It's time to reevaluate our priorities and place this agreement at the back of the queue, enabling Mercosur to initiate negotiations for a deal with China, in line with Uruguay's aspirations.
Mercosur should focus on expanding domestically and integrating the associate members of Chile, Peru, Bolivia, & Colombia, since they all have left-leaning governments & nearly the entire continent in a single trading block would make it more internationally appealing
Yea, because you'll be better off with China than with us. Big brain moment, go eat your fried rice
Why is an Ireland in your EU map on the thumbnail?
Portugal's leadership, for all its history and communion with Brazil, should take on a more active intermediary role in the negotiations of the agreement, also placing itself as a distribution channel for other countries through its ports.
Lets be honest here. The EU want cheap minerals from South America to replace those it was buying from Russia, and wants to prop up the German car industry sales, now the Chinese economy is in a mess.
South America wants to sell agricultural products into the EU. But that breaks the cozy protectionist sheltered workshop of EU farmers in France, Ireland and Netherlands.
So the EU is now offering a Euro 45 Billion payment as an "incentive" (if Russia did it we would call it a bribe).
situation normal.
The free trade agreement between the European Union and Mercosur has not yet been signed because France fears losing the European market to Brazilian products that are of better quality, so they use the excuse of preserving the environment to try to close an agreement that gives advantage to the French in the long run. Brazil knows this and will not fall for it.
Brazil sells meat in the US. It's horrible quality. The transportation alone makes no sense, food that can be local should always be local.
@@MarcoBonechiYou must be confusing the meat of the United States with that of Brazil.
better quality?! aahahahah good joke dude
@@MarcoBonechi Are you referring to the US food with growing hormones,antibiotics,pesticides,etc?
@@MarcoBonechi an american complaining about food quality, ironic
Great video, as always. Just a minor detail. I’m Spanish we tend to say acronyms as a word and not spelling each letter. CELAC is pronounced /selak’/ and not C.E.L.A.C.
Why is Ireland missing from EU in the thumbnail?
(but I can't watch the video at the moment so maybe it's explained there idk)
Any reason Ireland is not included in the EU in your thumbnail?
To quote the video "[The EU] hopefully doesn't need any additional explanation"
I am not very well versed in economics, but wouldn't this reinforce the extraction economy in South America? Is there really a two way benefit?
Your perception is right. That deal is not in South America's best interests. Especially because its content was shaped in the 90s, when SA had no leverage against EU's interests. Today, because the lack of food and oil in Europe (war in Ukraine), generating inflation and loss of purchasing power, South America should not sign it, since the leverage is theirs and they could get a better deal.
Yes! Now South Americans will know what IKEA is. 🤣
Yeah, indeed, you really aren't well versed in economics
4:53 I literally gagged when that picture of the Spanish European Council President showed up 😭😭😭😭
Everybody would benefit from a mutually beneficial deal. In spite of that, the sentiment In Brazil is that the EU will never make a fair offer. China, Russia and the Middle East seem to be a lot more reasonable and ready, EU negotiators are the worst.
As a Paraguayan I have been watching this trade deal with lot of interest, one thing I notice was (and probably everyone really) is how France protect theirs farmers, but the thing nobody has been talking about is how the France farmers refer our livestock and agriculture production as "Incredibly low quality without the necessary machinery". Of course I'm generalizing a bit here but the sentiment goes something like that and probably the same goes to Ireland. However, not such thing happens. We already have many trade deals with countries "first world" with little to no complaints about the quality of production so I really want to highlight this point because French farmers and from other countries want to establish a narrative that "If we go ahead with this deal our food market quality will deteriorate a lot" which I'm almost certain it will not, they are saying this simply because they are afraid of our enormous agricultural market AND UNDERSTANBLY SO. Don't get me wrong I 100% understand EU farmers worried with so big competition but just installing this narrative of low quality and cherry-picking things is just so sickening and unfair to our farmers.
On the other hand, they can drop those arguments and start planning campaigns to keep their market afloat, such as "support our farmers buy local", rebranding their meat saying is better quality (which in some aspect is probably correct btw), their governments can incentive buying from the locals with also having the advantage for more on budget EU citizens to buy food more cheap coming from this deal. But yeah I'm not a market analyst or something like that. I just wanted to point this because it's really sad some farmers came to that point just to protect their pockets at all cost and not thinking collectible and all the other benefits people will have.
Nevertheless. I just find funny how they are trying to impose environments conditions (with sanctions) to LULA of all people. He's like the most competent person to trust he will do the right thing and still going ahead and trying to make this happen is like insulting. The thing they should make is safety switches in case someone like Jair or other crazy presidents takes power and want to regress the whole thing . And it goes both ways.
The French claiming things like incredibly low quality is an attempt at a scare campaign.
A very insightful comment.
Local farmers don't care about quality at all. If it was actually low quality then it wouldn't be a real threat to them. What they want is protection so they can be propped up.
Also, it's worth noting the trade deal isn't with Lula, it's with Brazil (and other Mercosaur members). Even if Lula is great for the Amazon rainforest (which I'm not entirely sure I agree with), the deal is supposed to be there long after he is gone. This is why it makes sense to have penalties for environmental violations. You can't just assume everyone is going to follow the rules on an honour system forever.
@@Gary-bz1rf I understand that there are farmers at or above EU basic standards is at least partly because otherwise they couldn't export to the EU. I'm guessing a bit here. Correct me if I'm wrong.
As a Paraguayan myself, I think you are correct.
We also have to mention how drug is going to be more easy to go to Europe :)
Just this week, a 10 t cocaine cargo was found in Germany from a Paraguayan port, so yeah… I don’t think we’ll see a deal soon
Have to say, the way every video ends by transitioning into an ad without properly signalling the transition is quite frustrating
On a pas le temps de lire les images affichées😢Slowly please
This is going to take forever. They should just make an easy deal and negotiate the more difficult subjects at a later date.
In geopolitics there is nothing more permanent than a "temporary measure".
If they rushed into a quick nut half baked idea, that would likely stay there and hamper any progress towards a broader deal.
@@richyhu2042 That's why we've been in a temporary no deal for more than 2 decades.
@@GerbenWulff So the solution is just to rush into a temporary deal that no one really likes and come back to it later, only to never come back to it and leave a half baked deal in place?
The EU is quietly signing off those trade deals which Brexiteers promised would materialise very rapidly for Britain...
@Wirsindimmernochhier Northern Ireland, Wales is hostages of the english, there are more english inhabitants than welsh
For those concerned about the quality of food imported to the EU:
Belgium is currently exporting huge quantities of pesticides that are banned within the European Union to the rest of the world, RTBF and Le Vif report.
According to a recent study by 6 NGOs (SOS Faim, Broederlijk Delen, FIAN, Iles de Paix, Viva Salud and Entraide et Fraternité), between 2013 and 2020 Belgium exported 50,000 tonnes of pesticides prohibited for agricultural use in Europe to more than 70 countries: an average of 6,250 tonnes each year.
Why didnt you guys include Ireland as part of the EU in the thumbnail?
Wishful English thinking
I am very happy these types of orgs are all working together. Multi national unions should be supported.
Most of the time developed countries negotiate unequal deals which is why china’s development has shaken the balance of power in the world. The first world still profits from developing countries in the way of interest payments, labor exploitation, and access to cheap raw materials and export markets for their manufactured goods which represents a way higher number than the amount is donated as aid
And still their is a lot of competition among developing world to get those unfair deals and investments.
Totally agree!
It's as if you're ignoring the immense developments going on in the rest of the world. Yes China has grown massively. Just like many other courneies. But it's its size, the effective scale of the success, that makes them special.
You can look at measures like HDI and see how South America often exceeds China. And you can look at the correlation between increases in HDI and GDP per capita growth. It's targeted to predict that.
"Unequal deals" are still good. You hold absurd expectations that countries would tax their citizens and give freely to other countries at the scale of trade deals. Countries do that through donating a percentage of GDP. 0.3-1% in most of the developed world.
But having the expectations that trade deals would be constructed to disfavor a developed nation is just an unprecedented scale of generosity. They always favor both parties or they wouldn't sign it.
The world you suggest is either this fantasy everyone shares equally worldwide, which is completely unrealistic. Doesn't matter who's in charge. It's been tried at smaller scale and it didn't work. Alternatively you're suggesting a poorer world for everyone. Where developed nations don't sign deals with poorer nations leaving them to suffer. The US relationship with Cuba is a great demonstration.
The great worry should be isolationism like the US is trending towards. Especially with regards to China now. Its fine to wish the world was better but its not good to claim you have a solution or to ignore the benefits that came with some problems. You need to be holistic.
@@0xCAFEF00D i have to disagree. I have never said trade is not important it is but you have to get a good deal trade on equal footing can be hugely beneficial but it is also important to consider that trade alone cannot develop a country without foreign direct investment in order to move productive activities up in the supply chain what’s interesting about the chinese case is how quickly it developed from raw materials to manufacturing for the world and be able to become an equal partner instead of a lesser one.
Which is the problem with this trade deal in the sense that europe wants to become independent from the US and china to become their own thing and treat new potential partners as “lessers” and contempt while china treats them as equals the sense of superiority over the deal like they are doing charity and are going to sacrifice so much is hypocritical. Considering how the trade balance between LATAM and europe is negative (import more than export) being very positive with the USA (partly due to mexico’s manufacturing hub next to the border). this is due mostly to highly value added luxury goods such as bmws or franz viegener sinks from germany, wine, bags etc from france or marble or curtains from italy. So yeah the upper and middle upper classes will be able to buy imported luxury goods with no tariffs, a channel shipping container can offset a lot more containers of raw materials and most of those profits are not going to be reinvested into the economy (luxury goods are mostly tied to their country of origin) theyre not going to open a louis vuitton factory in brazil are they now? Because, yes there is a middle class and yes people in LATAM have a higher propensity to consume even tho they have less disposable income.
So the problem is not that this deal is being done but because it is unequal no strings for european goods but a billion for developing country goods as soon as they inconvenience a lobby in brussels in any negotiation the one who has the power is the one who can walk away the same way if an illegal worker under duress has to take any job and gets a wage under the minimum and no worker protections both benefit but the owner benefits more (without thinking about how a job onjury may impact the productive capacity of that individual in the future) same goes with countries in an unequal trade deal. You could say the worker is better off cause he is earning a check but he is being exploited may be left dependant. Ie. german yoghurt made with subsidized milk sold in africa destroying local yoghurt industries. The consumers can buy cheaper yoghurt but local industries go bankrupt and cant compete leaving the country dependent on germany for yoghurt imports
Finally, cuba is a really bad example for a country that doesn’t trade because they have had an embargo and a hostile neighbor for the longest time with the US and they still trade sugar and rum but they are poor because of their government, lack of productive activities further down in the supply chain and finally lack of investment (nobody wants to invest in a country with a hostile neighbor, risk of expropriation and communist era business policies, and discontent unless its for the tourists)
China gives a rat's ass for the environment or labour conditions in all the countries they get into, though
The key issue of this trade deal is whether there is a peaceful exit clause. If are exit routes are painful, we must make sure the people sign for this deal must be responsible for that, not the people advocate for the future exit.
We need cars in ARG, the cheapest (new) car costs around 10,000 USD
France is France, what can you do..... We (Bulgaria) had to close 2/3 of our nuclear reactors to join the EU. All the inspections from the International atomic organization showed that they are completely safe. France insisted and we did that. So, don't be too surprised with their behaviour.
I hope they get closer and are fair to both sides
EU - "Givf us your mineralz!"
I hope it's signed soon
I find really weird the deal hasn't been through. With the recent collapse of the Dutch goverment, France revolts, Brexit, and the Ukraine war. One would expect Europe to find commercial allies with goverments that share their democratic values with stable political scene in these uncertain times.
I may not know much, but either way it sounds like win-win situation, at least for a short period of time.
The secret to why some EU countries use the enviromental card to prevent the deal (or any excuse they got at hand really) is because a considerable amount of their economy relies on farmers being subsidized to shit (ireland and france specially), if the deal were to happen, these farmers wouldn't stand a chance to compete against Mercosur countries.
I hope it will go through, trade deal could be beneficial for both. EU have long reach when it comes to trade and latinos could bypass US and maybe get them reason to think. For EU its big market and potencialy valuable partners, depends on the deal ofc.
france wont let this happen
0:29: 💼 The Merkasaur trade deal between the European Union and the South American trade block is being revived after being put on hold since 2019.
2:58: 🌍 The trade deal between the European Union and South America faces concerns over environmental impact and indigenous rights, but recent political changes have revived hopes for its revival.
5:51: 🌍 Negotiations for an agreement between Mercosur and the EU face challenges due to concerns from Latin American partners and opposition from individual EU member states.
8:31: ⏳ Time is running out for resolving geopolitical tensions, including China's troubling decisions.
Recap by Tammy AI
please dont forget to include Ireland in the EU on the thumbnail
Your EU map missed (Republic of) Ireland.
You mean west UK?
@@BrightWendigono, Occupied west UK.
@@BrightWendigo u have no life.u commented that for a number of other comments
The Eu's biggest trade deal is with Japan in terms of GDP. In terms of volume of trade covered by the agreement, then it's with the UK.
If China joins CPTPP, all those UK bound containers won't tranship in Rotterdam, they'll come straight here. As for EU/UK trade.. the figures will drop dramatically.
@@jeffsmith3392 China isn’t joining CPTPP, nor would that change trade flows much. Estimates for reduction in UK-EU trade post-Brexit generally top out at 9%, but that’s not 9% nominally, that’s 9% measured against future expected growth.
**Sees title and thumbnail**
are we doing colonies again?
Hey hate to nitpick but on the image for this video you left Ireland of the EU banner
The uk left the EU not the British isles
I think this is good thing, I hope qe acyieve some compromise. And France is being difficult as always ;D
20 YEARS, 20 YEARS TO SIGN A TRADE DEAL. what a failure of a bureaucratic inefficient system, when people in the 1st century BC had an easier time trading and faring between Beijing and Rome.
There wasn't any interest in doing that deal when there were already plenty of trading partners with better deals. When Russia was no longer considered a reliable trading partner only then there was enough room for more deals.
It's not a question of bureaucracy, but diplomacy. If both sides don't agree, then obviously a deal cannot be reached.
@@filipe5722
Nah, it is just Statism, two states regulating and/or outright banning the trade between two willing peoples for their own political gain.
Free Trade is natural and humans will always want it.
@@LastBrigadier That just ignorantism on your part.
@@filipe5722 ur gay
And the war of each and everyone one against the others is going on...
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this could be the first worthwhile thing done by mercosur, so obviously its not going to happen
mercosur is not the EU, not even close, since its creation there has not been any real improvement on trading between member nations
Hopefully this agreement gets signed. EU is doing many things that it’s structure makes painful. Deals like these are what it was built to do.
Deals like these have great economic potential for all parties involved. A deal like this could help these SA countries to get back on the track of economic growth.
It has great economic potential FOR THE WEALTHY. Full stop.
When you look at the world in the light of free trade - time and again, those that benefit are the ones at the top, and everyone else in one way or another gets screwed. Manufacturing goes where it is cheap. Stuff shuffles to avoid environmental restrictions, and slowly you get to a place where local industries and self sustainability goes out the door and then a supply chain crisis happens, local shortages happen and... there is nothing you can do.
Terrifs on externally created goods shifted to being income taxes on workers. That is a result of free trade - as the revenue HAS to be made up. And who pays the kings share of income taxes? It sure as hell isn't the rich. But the rich certainly benefit from cheaper labor pools. The rich certainly benefit from removal of terrifs.
Good on paper - reality is a different story.
@@formes2388 economies are more sophisticated though, than just manufacturing. it is unwise to hold onto an industry that makes simple pots for higher prices. the others will make the moves, relocate the pot industry in some cheap labor country and one way or another, in a long term perspective, your costly pots will get outdated and out of business anyway, against some chinese manufacturer who used this step to grow in capabilities.
economy progresses through different stages and jobs change from low skilled basic pots making to high skilled high tec and service providing, for example. we look at chinese miracle but still in terms of tec, they are decades behind.
anyway the point is that with autarchy, you struggle to move beyond making more sophisticated things than 50's tec level pots. but at the same time, we sure need to be more strategic in general and particular on key sectors.