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To begin, this paper starts by describing the trading bloc and giving brief background information.
MERCOSUR
MERCOSUR is a trading bloc, which is an area of free trade based on specific tax and tariff agreements made among a group of countries, in South America. This particular trade region is made up of four countries: Argentina, Brazil, Paraguay, and Uruguay. ("Mercosur," 2005, 1) The trade bloc began in the late 1980s with two countries and by the early 1990s incorporated two additional countries with hopes of boosting economic growth, achieving a full free trade area, eliminating customs duties and tariffs between members, and eventually becoming a customs union...
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