(EU) and the Common Market of the South (MERCOSUR)? - FDCL
(EU) and the Common Market of the South (MERCOSUR)? - FDCL
(EU) and the Common Market of the South (MERCOSUR)? - FDCL
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<strong>EU</strong> FOREIGN DIRECT INVESTMENT WITH <strong>MERCOSUR</strong><br />
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Source: DG Trade: http://trade-info.cec.eu.int/doclib/html/111832.htm<br />
European foreign investment in <strong>MERCOSUR</strong> has traditionally had a focus on<br />
<strong>the</strong> respective domestic market <strong>and</strong> its positioning <strong>the</strong>re, ra<strong>the</strong>r than focussing on<br />
<strong>the</strong> world market, according to which by availing comparative cost advantages <strong>the</strong>re<br />
would have been an emphasis on export production for <strong>the</strong> world market. 178 And <strong>the</strong><br />
Argentine <strong>and</strong> Brazilian domestic markets were <strong>of</strong> prioritarian interest for European<br />
corporations:<br />
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“Brazil <strong>and</strong> Argentina have since long been a focal point <strong>of</strong> FDI outside <strong>the</strong><br />
178 Nunnenkamp, Peter: Foreign Direct Investment in <strong>MERCOSUR</strong>: The Strategies <strong>of</strong> European Investors, in:<br />
Paolo Giordano - Chaire <strong>MERCOSUR</strong> de Sciences Po [edit.]: An Integrated Approach to <strong>the</strong> European Union<br />
- <strong>MERCOSUR</strong> Association, 2002.<br />
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