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Mercosur/Pacific Alliance Agree on Flexible Integration but no Talk on Tariffs

Posted November 27, 2014

Under Economic Issues, International Trade Issues


Mercosur and the Pacific Alliance explored this week in Chile the possibilities of a gradual, and flexible, integration but left aside all possibility of a near future agreement on tariffs.

In this second ministerial meeting in a month, (the first was in Colombia), Mercosur members Argentina, Brazil, Paraguay, Uruguay and Venezuela, and with a market protection emphasis, exchanged ideas with Pacific Alliance members Chile, Peru, Colombia and Mexico, which has an open market policy, as to how overcome mistrusts and advance in possible integration in different fields. Read more here.