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ECLAC claims MERCOSUR requires policies focused on the region

ECLAC claims MERCOSUR requires policies focused on the region

Santiago de Chile, Jun 26 (Prensa Latina) The Economic Commission for Latin America and the Caribbean (ECLAC) suggested that the Southern Common Market (MERCOSUR) should boost national production and technological policies as a common regional agenda.
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According to the new edition of the MERCOSUR Foreign Trade Bulletin, issued by the United Nations agency, the bloc achieved a 5.8-percent recovery in economic activity in 2021, which was influenced by the increase in international prices of raw materials.

However, in a context in which the most advanced countries are turning to introverted and regionalized productive strategies, ECLAC members must strengthen their ties among themselves and the other countries of the region.

The report points out that, although MERCOSUR exports increased by 35.6 percent in 2021 and exceeded their 2019 ones by over 20 percent, the weak performance of the volumes exported by the bloc and its decreasing diversification cannot be overlooked.

In this regard, the document notes that the bloc has lost participation in international markets, particularly in manufacturing, and is suffering a growing commercial and productive disintegration, as it tends to concentrate on the export of basic items (80 percent in 2021).

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