After losing its window of opportunity to close the deal in December 2023 and with EU farmers’ protests taking over Europe, the EU-Mercosur agreement is suffering a new major setback. The slow integration process within Mercosur and the increasing rivalries and criticism within it are also influencing the outcome at the negotiating table. How does the deal’s future look like?
President Javier Milei’s ultraliberal policies, including the radical deregulation plan signed into decree DNU 70/2023, aim to revitalize Argentina’s economy by reducing state involvement and promoting private sector growth. Argentina’s lithium industry, critical for the global energy sector, stands to be significantly impacted. The country, poised to outpace Chile as a top lithium producer by 2027, faces major changes under Milei’s governance which emphasizes alignments towards U.S. interests and potentially increases foreign investors’ power, raising concerns among local and Indigenous communities about sustainable development.
