Brazilian Manufacturer Eager to Ink EU-Mercosur Deal
The agreement would liberalize trade between the European Union and the four South American founding members of the Mercosur bloc: Argentina, Brazil, Paraguay and Uruguay.
March 28, 2017
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The head of a major Brazilian auto-parts manufacturer is supporting the relaunch of talks to secure a free-trade deal between the European Union and the four founding members of the Mercosur bloc – Argentina, Brazil, Paraguay and Uruguay.
“Brazil needs to integrate in a more competitive way and I think we need to focus on this deal with the European Union,” says Dan Ioschpe, chairman of São Paulo-based Iochpe-Maxion.
Iochpe, whose company supplies wheels and other structural components for light vehicles, says he believes negotiations to aid both Brazilian and EU auto-sector suppliers are going in the right direction. “With adequate policies being set for this relationship, we will not fear a new wave of globalization in our economies,” he says.
Criticizing other nations’ protectionist policies, Iochpe says: “The policies being designed now have to go beyond what is national and what is not. Adapting to that might take a while, but I prefer this recipe to artificial policies that seek momentary solutions.
“And now we need to open up. We had the worst year of our history in 2016.”
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