Europe, U.S. losing ground in Mercosur to China
Europe and United States continue to lose market share in Mercosur to China. Exports from Brazil, Argentina, Paraguay and Uruguay to China grow more, and their imports of Chinese products have also increased rapidly, according to a study by Munich-based institute Ifo. Exports from Mercosur countries to the Chinese market increased rapidly to 22.1% from 2% of the total between 2000-2018. Imports of Chinese products went to 19% from 3%. The study shows in numbers a concern raised at a recent public hearing...
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