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…