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 …

, eroding the Common External Tariff (CET) of Mercosur. In particular, the tariff rates of capital goods were reduced to zero … reconciled. If such agreement is not reached, the authors then consider the case of Mercosur being transformed into a free trade …

This paper analyses the evolution of the South American Common Market, Mercosur. It shows how the lack of coordination …