Trading Away Industrialization? The EU-MERCOSUR Agreement

10:00 am on Thursday, June 10, 2021
11:00 am on Thursday, June 10, 2021

Free trade agreements (FTAs) aim to reduce or eliminate certain barriers to trade and investment and to facilitate stronger trade and commercial ties between participating countries. But such agreements have also led to worsening conditions for workers, severe intellectual property rights, degrading environmental standards, job losses and economic damages, particularly in developing countries.

In June 2019 after 20 years of negotiations, the European Union and MERCOSUR states - Argentina, Brazil, Paraguay and Uruguay – reached an agreement in principle to create an FTA between their two trading blocs. The FTA has yet to take effect, but would represent the largest trade deal for both the EU and MERCOSUR in terms of number of citizens involved.

On implementation, what are the likely effects and economic impacts of the agreement in both EU and MERCOSUR? Is the agreement likely to support sustainable growth and development, or hinder it? And could the agreement actually lead to premature de-industrialization?

Forthcoming research from the Boston University Global Development Policy Center analyzes the contexts and prospects of the agreement across eight countries – Argentina, Brazil, France, Germany, Italy, Turkey, Czech Republic and Poland – and assesses the degree to which the agreement may impact unemployment, inequality and other economic problems.

On Thursday, June 10, join the Boston University Global Development Policy Center for a webinar discussion and working paper launch, featuring researchers and experts in trade and development. Spanish live translation will be available.

• Kevin P. Gallagher: Director, Boston University Global Development Policy Center; Professor of Global Development Policy, Boston University

• Jeronim Capaldo: Non-Resident Senior Research Scholar, Boston University Global Development Policy Center; Economic Affairs Officer, Division on Globalization and Development Strategies, United Nations Conference on Trade and Development

• Özlem Ömer: Non-Resident Research Fellow Boston University Global Development Policy Center

• Nelson Barbosa: Former Minister of Finance and Planning of Brazil, Professor at FGV and the University of Brasilia (Brazil)

• Nadia Garbellini: Post-doctoral Fellow, University of Pavia (Italy)

• Juan E. Santarcángelo: Professor of Economics and Director of the Graduate Program in Economic Development, Universidad Nacional de Quilmes (Argentina)

Additional speakers pending confirmation