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Trade Triangulation: The Stalemate of the FTAA and EU-MERCOSUR FTA Negotiations

Genna, Gaspare M. (2007) Trade Triangulation: The Stalemate of the FTAA and EU-MERCOSUR FTA Negotiations. In: UNSPECIFIED, Montreal, Canada. (Unpublished)

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    Abstract

    Why are some free trade agreements (FTAs) in the western hemisphere successfully negotiated and implemented while others seem to stagnate during negotiations? FTAs develop when there is an asymmetrical power relationship and potential partners are satisfied with potential trade patterns. The European Union (EU) and United States have been successful in negotiating agreements with the Caribbean and Central American countries. However, current bilateral and multilateral trade talks between the EU, the Common Market of the South (MERCOSUR), and US are at a standstill. Trade patterns are unsatisfactory for the MERCOSUR members because they are not able to maximize their comparative advantage. Additionally, neither the EU nor US are willing to use their power capabilities to reduce this dissatisfaction. Finally, the growing Chinese economic profile in Latin America further complicates the ability for the three actors to achieve a set of satisfactory trade relations. Evidence to support these arguments comes from archival research of the failed EU-MERCOSUR FTA and Free Trade Agreement of the Americas negotiations.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Subjects for non-EU documents: EU policies and themes > External relations > EU-Latin America
    EU policies and themes > External relations > EU-US
    EU policies and themes > External relations > international trade
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2007 (10th), May 17-19, 2007
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Jun 2008
    Page Range: p. 47
    Last Modified: 15 Feb 2011 17:50
    URI: http://aei.pitt.edu/id/eprint/7879

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