This thesis evaluates the reasons behind the failure of the EU - Mercosur negotiations through a comparative analysis of two periods in the process, via five variables: Political will, regional...Show moreThis thesis evaluates the reasons behind the failure of the EU - Mercosur negotiations through a comparative analysis of two periods in the process, via five variables: Political will, regional institutional capacity, special and sectoral interest, simultaneous trade negotiations and economic shocks. The study suggests the negotiations have not been successful due to a lack of political will from both the EU and Mercosur and the absence of sufficient institutional capacity in Mercosur on both negotiations terms.Show less