South America’s Political Rebalance: The Potential of a Mercosur-U.S. Free Trade Agreement

By Luis Ferreira Alvarez

Mercosur — a free trade and custom union formed in 1991 between Argentina, Brazil, Paraguay, and Uruguay (and later joined by Venezuela) — promotes the free movement of goods and people across the zone. Mercosur’s members have benefited from having integrated markets that expand their commerce. The South American bloc, like the European Union, can sign free trade agreements only as a bloc.

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