Tuesday, April 12, 2011

LATIN AMERICA - Mercosur celebrates twenty years very quietly

The Southern Common Market, Mercosur, founded March 26, 1991 by Brazil, Argentina, Paraguay and Uruguay, has not celebrated his twenty years, says O Estado De Sao Paulo. The integration of the region will advance more slowly than expected and many differences exist between member countries. The entry of Venezuela, approved in 2004, has still not been ratified, while many protectionist measures still hamper trade between countries.

From the standpoint of democracy, Mercosur has prevented coups in Paraguay in 1999 and 2000, the Brazilian newspaper said.

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