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Economy

China and South Korea seek free trade deal with Mercosur

U.S. protectionism pushes Asians to diversify export destinations

Christ the Redeemer in Rio de Janeiro. South Korea and China are eyeing the potential alternative export destinations to the U.S.   © Reuters

SAO PAULO -- China and South Korea are seeking to establish free trade agreements with Mercosur in a strategic response to Washington's increasingly protectionist stance.

These East Asian initiatives have resonated well in a region where Washington is keeping its distance. U.S. President Donald Trump has not visited a single Latin American country since taking office in January 2017, and chose not to attend the Summit of the Americas, which concluded on Saturday.

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