Latin Trade Bloc Unites 4 Countries: Latin...
- Share via
Latin Trade Bloc Unites 4 Countries: Latin America’s newest economic trading bloc brings one step closer the dream of a hemispheric free trade zone. The Mercosur customs agreement unites Argentina, Brazil, Uruguay and Paraguay in a market of 190 million people with a combined gross national product of $800 billion. The agreement eliminates 90% of the tariff barriers that affect trade among the four countries. The remaining 10% affect strategic industries such as auto manufacturing and computers, but are expected to be lifted by the beginning of the next century.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
