October 17, 2019 |
Last June, international trade between Latin America and Europe took a major step forward when the Mercosur countries of Argentina, Brazil, Paraguay and Uruguay signed an agreement with the European Union (EU). The pact, 20 years in the making, could eliminate 90% of tariffs on goods once ratified, wiping away $4.5 billion in duties.
The long-delayed free trade agreement still faces challenges as France and Ireland threaten to veto the pact unless Brazil demonstrates more environmental concern about preserving the Amazon. It was welcomed through by proponents of free trade who have seen their influence wane in the face of the US-China trade war.
But it also highlighted a troubling obstacle t
Technology and new tools are quickly reshaping how trade finance transactions are carried out