1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS22408March 22, 2006Mercosur and U.S. Trade PolicyJ. F. HornbeckSpecialist in International Trade and FinanceForeign Affairs, Defense, and Trade DivisionSummaryMercosur is the Common
2、Market of the South established by Brazil, Argentina,Uruguay, and Paraguay in 1991. By reducing barriers to trade and encouragingeconomic investment and sectoral collaboration, Mercosur was created to fosterbalanced economic growth, social development, and political stability in the region.Mercosur
3、has succeeded on the political side and developed as a credible collectivevoice in the World Trade Organization and in talks on the Free Trade Area of theAmericas (FTAA). It has survived difficult economic times and expanded on a limitedbasis to other Latin American countries, yet its success at eco
4、nomic integration is anopen question. Mercosur also has elements of being both a complement and alternativeto the FTAA in the quest for Western Hemisphere integration, so bears careful watchingfor how it may affect the direction of U.S. trade policy in Latin America.Brazil, Argentina, Uruguay, and P
