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Legal assessment of foreign economic relations and compatibility with the world trade system

by Dr. Arnd Haller

Mercosur is now part of the economic and political reality, as well as the legal reality in the four contracting states Argentina, Brazil, Paraguay and Uruguay.

The author presents the legal background of the merger and sheds light on its organizational structure, legislation and dispute settlement mechanism. The central theme is Mercosur's foreign economic relations with other states and groups of states within the region, on the American continent and at the global level. Particular attention is paid to relations with the EU. In addition, the legal relationship between Mercosur on the one hand and the WTO and GATT on the other is analyzed and critically evaluated.

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