Abstract
The article reviews the relation between two regional integration arrangements, the European Union and Mercosur, under three aspects: trade and investment, international negotiations and the institutional dimension. Tracing the agenda and issues dealt with between the two, leading to a project of a transatlantic free trade area, reveals that trade issues, one of two 'pillars' of reference, are important. However, the most influential results have stemmed so far from the other 'pillar', the political one. These results may be seen in the EU's role as a 'road map' for Mercosur's institutional trajectory, and second, as a signal for the private sector in furthering industrial networks within the ongoing world economic restructuring. The objective, thus, is to highlight how the relationship may interact with two encompassing processes: the shaping of regionalism/s, in particular the Mercosur case, and the so-called globalisation process.
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