Free Trade Agreement between the European Union and the MERCOSUR

Nadezhda P. Volovik – Head of Foreign Trade Department of the Gaidar Institute; Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Late in 2018, the Declaration on Further Development of Integration Processes within the Frameworks of the Eurasian Economic Union (RRU) which set the EEU’s priorities in promotion cooperation with other regional integration associations, including Latin American and Caribbean countries was approved. In this context, it is necessary to learn the international experience in establishing free trade zones (FTZ) and arrangements achieved in new integration associations. The article deals with the free trade agreement concluded between the world’s largest customs unions: the EU and the MERCOSUR.

Key words: regional trade agreements, free trade zone, trade policy, trade liberalization, protectionism, tariff and non-tariff barriers, preferential tariff.