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Latin American Economy & Business - August 2018 (ISSN 1741-7430)

Region: Free trade rules (maybe)

It could be called a turning point. Leaders of Latin America’s two main ‘rival’ trading blocks, the Pacific Alliance (Chile, Colombia, Peru, and Mexico) and Mercosur (Argentina, Brazil, Paraguay and Uruguay) met on 23 and 24 July in Puerto Vallarta, Mexico proclaiming their commitment to free trade and regional integration. But it would be wrong to assume protectionism has been expelled from the region.

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