This article is an adapted version of the original piece published in Latinoamérica21 (L21), a media platform that brings together a diverse community of experts and scholars who offer analysis and commentary on political, economic, and social issues in Latin America. You can access the original text here. For years, the most commonly used term to describe Latin American regionalism has been “crisis.” Yet that category no longer suffices to explain its current situation. Speaking of crisis...

The EU-Mercosur relationship is one of the longest-standing interregional experiments, shaped by strategic interests, shifting power dynamics, and shared challenges. Despite diverging values and external pressures from actors like China and the U.S., this partnership remains a flexible yet vital tool for geopolitical balance. As global tensions rise, its strategic relevance may only grow in navigating a fragmented world order.