Mercosur Going Strong, But Not Without Tension

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The South American free trade zone Mercosur — comprised of Brazil, Argentina, Paraguay and Uruguay, with Venezuela set to join — is often touted as a beacon of regional economic strength and a bulwark against the dominance of the U.S.-backed North American Free Trade Agreement. But a recent protectionist streak in Brazil, Mercosur’s most powerful member, has provoked debate over whether the bloc is as egalitarian and beneficial to South America’s emerging economies as it has long been cracked up to be. The most recent incident is Brazil’s announcement earlier this month that it intends to impose a 30 percent […]

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