US EditionMercosur Countries Are Already Rubbing Their Hands with Glee. the Media Is Listing the Benefits.
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Commentators in Mercosur countries are positive about the signing of the trade agreement with the EU. Argentina expects a significant increase in exports, Brazil is counting on the development of many industries, and Uruguay is expecting an increase in GDP, jobs, and wages.
The primary estimates of the effects on the Uruguayan economy of the agreement between the Common Market of the South (Mercosur) and the European Union (EU) indicate an increase in gross domestic product (GDP) of just over 1.5 percentage points, according to data from the Ministry of Economy and Finance (MEF). Reports indicate an increase in exports of goods of 4 per cent; employment; 0.5 per cent; and real wages of about 1 per cent. The primary…
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