April 6, 1998 |
Presidents of South America's Andean nations wound up a two-day meeting in Guayaquil, Ecuador, agreeing to work toward free trade in services within their five-nation bloc by 2005. The Andean Community leaders signed an accord aimed at beginning negotiations on such trade in the first half of this year.
March 27, 1991 |
The presidents of Brazil, Argentina, Paraguay and Uruguay signed a blueprint Tuesday to build a gigantic common market--stretching from the Equator to Antarctica--to compete with other world trading blocs. The Southern Common Market treaty, known as Mercosur, would dismantle trade barriers and encourage cross-border investment and joint projects during the next four years. It aims to integrate neighboring nations that have been stunted by protectionism, rivalry and political instability.
December 18, 1994 |
Four presidents signed a trade agreement here Saturday that unites the countries along South America's eastern coast from the steamy Amazon jungle to the frosty south. The Mercosur trade bloc of Brazil, Argentina, Paraguay and Uruguay will have a population of 200 million people and a combined economic output of $750 billion a year. The agreement takes effect Jan. 1. "Our predecessors always dreamed of a united America," said Argentine President Carlos Menem.
January 1, 1994 |
What once seemed like ivory tower daydreaming is now reality in the making: Huge trade blocs are forming up and down the Americas to let goods and services pass freely across international borders. Not only is there a NAFTA--the North American Free Trade Agreement, stretching from the Yukon to the Yucatan. There is also a SAFTA--a South American free-trade area that extends from Amazonia to Patagonia.
August 14, 2000 |
Officials from Brazil, Argentina, Paraguay and Uruguay will meet this week in a bid to hammer out trade spats that are souring relations within Mercosur, the world's third-largest trade bloc. Beginning today, trade representatives said they will converge on Rio de Janeiro in hopes of finding solutions to trade wars raging over cars, chicken and sugar between the biggest partners, Brazil and Argentina.
April 30, 1991 |
The News Four South American countries, with a combined population of 190 million and a collective gross domestic product of $390 billion, signed a treaty March 26 to create a common market that is to eliminate all tariffs and other trade barriers among them by 1996. Officially named the Southern Common Market, it is known by the acronyms Mercosur in Spanish and Mercosul in Portuguese.