Latin America has much to lose from Brexit, says CEAL

Mercosur-EU talks could be first casualty Latin America will inevitably feel the pinch after Brexit was approved by 52 percent of British voters last week. Ingo Plöger, head of the Business Council of Latin America (CEAL), a São Paulo-based organization, says that trade links between the region and the UK may be rather limited, but the region has much to lose indirectly. The ongoing negotiations between Mercosur and the EU may be the first casualty. “The UK has been Latin America’s best ally in terms of trade liberalization,” he told Latin Trade. “It has also adopted a stronger free trade stance regarding agro-related issues. Now it is going to be more difficult for Mercosur to negotiate with the EU,” he […]