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Mercosur Explained — South America's Trade Bloc and Its Struggles
Established by the 1991 Treaty of Asunción, Mercosur was designed to create a unified common market across South America's Southern Cone. However, structural macroeconomic asymmetries, persistent protectionism, and prolonged trade negotiations with the European Union have hampered the bloc's integration goals. This analysis examines Mercosur's institutional framework, intra-bloc trade dynamics, and strategic reform challenges.
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