ASUNCIÓN, Paraguay (AP) — The Mercosur trade bloc's recent meetings in Paraguay highlighted the absence of Argentine President Javier Milei, who chose to attend a right-wing rally in Brazil instead. This decision has raised concerns about the future of the politically divided and slow-moving trade bloc.
President Santiago Peña of Paraguay, the current rotating chair of Mercosur, expressed caution about the outcomes of the summit, acknowledging the challenges the bloc is facing. Established in 1991, Mercosur initially symbolized a breakthrough in regional trade, promoting free-market ideas and boosting cross-border capital flows.
