7 Queries for Mercosur, VII: Prospect lies in poverty eradication and multi-lateralization?

Blessing goes along with curse, as the first common market in the world formed all by emerging countries, how can Mercosur find its way out?

(Soundbite) Ronnie Lins, Director of Center of China-Brazil Research and Business
“If Mercosur needs to be successful, the first thing is to exclude political issues. Mercosur countries need to be coherent about this thought. In China there is the Chinese dream. There could be a Mercosur dream. What could it be? The eradication of poverty. That would be great, because there are still very poor areas in Mercosur. So, instead of discussing about politics and preferences of some politicians, or whether to benefit themselves or their parties, we could think about ending poverty in Mercosur.”

However, for a bloc of 14.87 million square kilometers of territory with 287 million population in all, how to enliven its economy is a hard nut to crack.

(Soundbite) Miguel Rodriguez, Legal and Diplomatic Expert of Peru
“I think Mercosur has to multi-lateralize its space and go a lot further with emerging countries such as China which is the second largest power in the world. It has already entered South America, with a significant presence in countries like Brazil. With a level of fitness, I am sure Mercosur will assess new agenda, and always keep diversified and multi-lateralized. Therefore a substantive mechanism can be set in various axes: economic, trade, cultural in the world.”

As one of the world’s top source of crops and energy, Mercosur finds it hard to multi-lateralize.

With the aim of promoting free trade and the fluid movement of goods, people and currency, Mercosur’s global trade has grown fivefold since its foundation 25 years ago.
Confidence and unity may play a part on its road ahead.

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