Sitting, waiting, wishing: why the EU-Mercosur agreement remains on hold

The EU and the Mercosur trade bloc announced a free trade agreement in 2019, however the deal has yet to be ratified. Frederik Stender writes that with Russia’s invasion of Ukraine bringing the EU’s geostrategic partnerships back into focus, there is movement towards reviving the Mercosur agreement. Yet key obstacles remain, and it is unlikely there will be any breakthrough in the near future.