The UE and Mercosur are currently negotiating a free trade agreement. The offer made by Mercosur reflects its production and protection structure and is more "generous" to agriculture than to industry. In fact, the main competitive fragilities of Mercosur are concentrated in manufactured goods...

In the first half of 2001, the government of Argentina undertook some changes in the import tariffs of some products, eroding the Common External Tariff (CET) of Mercosur. In particular, the tariff rates of capital goods were reduced to zero, an action with potential negative implications for...