South America blocs in trade deal
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Mercosur and the Andean Community countries finally agree a trade deal.
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Presidents and officials of 12 South American countries are meeting in Peru to create an economic and political community.
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Brazil is the latest country to recognise China as a market economy in a move expected to consolidate their trade ties.
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Crunch talks between four key players in the World Trade Organization -- the United States, the European Union, Brazil and India -- on a global trade deal broke down Thursday, Brazilian Foreign Minister Celso Amorim said.
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The United States and Colombia signed an agreement Wednesday meant to knock down trade barriers for U.S. businesses and bolster a South American ally that has been battling drug traffickers and guerrillas.
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The world&#39;s largest free trade area was meant to open across 34 nations of the Americas on Jan. 1, 2005. The only visible sign of it in Latin America in the final days of 2004 is anti-US graffiti sprayed on city walls.
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Brazil and Venezuela boost their strategic alliance by signing a range of trade agreements.
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South American leaders on Wednesday launched a regional integration pact they said would go beyond rhetoric and usher in European-style unity, but only half the future bloc's 12 presidents turned up to sign it.
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Developing countries were last night celebrating victory over the world&#39;s two largest economic blocs after the WTO ruled against the European Union&#39;s sugar regime and the support given by the US to its cotton farmers.
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Efforts to forge the world's largest free trade zone between the European Union and South America's Mercosur economic bloc are unlikely to be concluded by an Oct. 31 deadline, the EU said Thursday, with both sides declaring each other's trade offers insufficient.
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President Hugo Chavez called for the creation of a common defense pact between Venezuela, Cuba, Nicaragua and Bolivia, while the leftist Latin American bloc announced the creation of a development bank to finance joint projects.
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CUZCO, Peru  - South American leaders on Wednesday  launched a regional integration pact they said would go beyond  rhetoric and usher in European-style unity, but only half the  future bloc's 12 presidents turned up to sign it.
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The European Union and Mercosur were wide apart on Wednesday in negotiations to form the world&#39;s biggest free trade area despite a new EU offer to settle their differences, diplomats said.
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The European Union and Mercosur were wide apart on Wednesday in negotiations to form the world's biggest free trade area despite a new EU offer to settle their differences, diplomats said.
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Latin America's agricultural giant scored two trade victories Wednesday against rich countries' farm subsidies after the World Trade Organization agreed with Brazil that its farmers have been hurt by government assistance for U.S. cotton farmers and European Union sugar beet growers.
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Latin America&#39;s agricultural giant scored two trade victories Wednesday against rich countries&#39; farm subsidies after the World Trade Organization agreed with Brazil
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Pacific Rim nations have agreed to set minimum standards for two-country free trade pacts proliferating across the region, a consolation prize for business leaders pushing for a 21-nation free trade area to rival the European Union.