2 82 犆犺犪狆狋犲狉6 犜狉犪犱犻狀犵狑犻狋犺犌犻犪狀狋狊牶犐狊犜狉犪犱犲犘狅犾犻犮狔狑犻狋犺狋犺犲犈犝犪狀犱 犆犺犻狀犪犅犲狀犲犳犻犮犻犪犾狋狅犕犈犚犆犗犛犝犚 ? ?%*.35?%*=%..3 7@%.("'A 1.犐狀狋狉狅犱狌犮狋犻狅狀 TheSouthernCommon Market ( MERCOSUR ) wassetupin1991bythe signingoftheAsunciónTreaty.Itisanambitiousregionalintegrationproject bringingtogetherArgentina , Brazil , ParaguayandUruguaywiththeultimate objective of establishing a Common Market. Although various bilateral agreementsalreadyexistedamongthememberstates , atthetimetherewere severaleconomic , politicalandsocialincentivesthat madetheagreement desirable. The MERCOSURintegration process hasnotbeen straightforward or simple.Inadditiontothealreadycomplexinternalagenda , MERCOSUR , asan openregionalprocess , has maintainedabusy negotiationagenda withthird countries.Withinthisframework , MERCOSUR membercountrieshavesigned FreeTradeAgreements ( FTAs ) withallSouth AmericanSpanishspeaking countriesand with other countries beyond the region , such as Israel. MERCOSURhasalsosignedPreferentialTradeAgreements ( PTAs ) withLatin AmericanIntegrationAssociation ( ALADI ) memberstates , suchasCubaand Mexico 1 , andwithIndiaandtheSouthernAfricanCustomsUnion ( SACU ) . Notwithstandingthis progress with regard to agreements with third countries , andafterdiscontinuingFreeTrade Areaofthe Americas ( FTAA ) negotiations , theonlypending NorthSouthnegotiations werethose withthe EU.Thesenegotiationsalsohadthepeculiarityofbeinganegotiationprocessfor anagreementbetweentwoblocsofcountries , whichintroducednewcomplexities arisingfrom the peculiaritiesofthe production andtradestructuresofthe participatingcountriesandfrom thecharacteristicsoftherespectiveblocs
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China, the EU and Latin America : current issues and future cooperation
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