World Trade Organization
Abstract Back to top
MERCOSUR is one of the most important examples of
renewed world-wide interest in regional trade agreements. It may be seen as a
consolidation of unilateral reforms undertaken in conjunction with major macroeconomic
adjustments. The paper reviews the objectives of MERCOSUR and assesses its achievements.
It concludes that considerable progress has been made to achieving a customs union and
even beyond that towards a common (but not EU-style single) market, but there are a number
of areas where progress is still to be made.
Keywords Back to top
Customs union, MERCOSUR, tariffs, non-tariff
in PDF format (409 KB, 32 pages)