| News Stories - Mercosur expands |
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| The 26th
Mercosur Presidential Summit got off to the worst possible start
when just hours before it was due to begin Argentina decided to
impose restrictions on certain Brazilian
imports, in a bid to protect
its domestic industry. But by the time the gathering ended, significant
progress had been made on several issues, and the row between Buenos
Aires and Brasilia appeared to have subsided.
Among the most important agreements was the decision to accept Mexico
and Venezuela as associate members
of Mercosur, a status already enjoyed
by Chile, Bolivia and Peru. Mercosur went on to invite Mexico to
continue free trade talks, with a view towards its eventual
full admission to the South American trade bloc. |
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impose: the use of authority to force
people to accept something
restrictions: official limits
imports: products or raw materials
which you buy from another country
in a bid to: in an attempt to
significant: a large amount
subsided: died down
associate: joint
status: official classification
that a person, organisation or country receives
eventual: result of a process or
series of events
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