Harrison, Rutherford, Tarr, and Gurgel estimate that the Free Trade Agreement of the Americas (FTAA), the EU-MERCOSUR … simultaneously negotiating the FTAA and the EU-MERCOSUR agreement, while supporting multilateral liberalization through the Doha … highly protected markets. Both the FTAA and the EU-MERCOSUR agreements are net trade-creating for the countries involved, but …

The South American customs union known as Mercosur has contributed significantly to regional trade liberalization. But … by encouraging trade within the group at the expense of trade with nonmembers, Mercosur may limit member countries …