It was manifested that the increase of the tariff provokes a distortion in global value chain. Francisco Castañeda, academic of University of Santiago in Chile, emphasized that the trade war affects to the demand of raw materials in a negative way, which damages small-sized economies such that of Chile.
Mercosur and Japan Formally Launch Negotiations for an Economic Partnership Agreement
The future trade agreement will create an integrated market of 400 million people with a combined GDP of 7 trillion dollars, seeking to consolidate economic security, supply chain diversification, and access to agricultural and industrial markets.



