Canada Seeks Mercosur Trade

This is a Canada news story, published by financialpost, that relates primarily to Blum news.

Canada news

For more Canada news, you can click here:

more Canada news

Blum news

For more Blum news, you can click here:

more Blum news

News about latin america economy

For more latin america economy news, you can click here:

more latin america economy news

financialpost news

For more news from financialpost, you can click here:

more news from financialpost

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about latin america economy, you might also like this article about

Mercosur member countries

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Mercosur deal news, free trade agreements news, news about latin america economy, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Mercosur Agreement

financialpost

•

World

Is South America the answer to Canada's trade diversification dilemma?

Summary

Nutrition label

77% Informative

Mercosur is the largest trade block with which Canada does not have a trade agreement.

Last year Brazilian exports to Canada increased nine per cent to reach US$6.31 billion , but imports from Canada plunged 18 per cent .

The EU -Mercosur deal eliminates more than 90 per cent of trade between the two countries.

Center for Strategic and International Studies: Rise of protectionism pushed EU and Mercosur to act.

Still, Blum believes a Canada -Mercosur agreement would do little to “move the needle” He offered the Canada-European Union Comprehensive Economic and Trade Agreement as an example.

CETA was implemented in 2017 to eliminate tariffs and reduce trading barriers between Canada and the EU .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech