Commentary: The Mercosur Marriage Is In TroubleJonathan Wheatley
It looked like a perfect match. Chile and Mercosur--the customs union formed in 1990 by Argentina, Brazil, Paraguay, and Uruguay--would tie the knot just a few months before the 2001 Summit of the Americas in Quebec City in April. With Chile a full-fledged member of Mercosur, South America's biggest economies would speak with one voice on plans for a Free Trade Area of the Americas (FTAA), a hemisphere-wide trading bloc slated to come into force in 2005.
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