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COPYRIGHT 2001 The Miami Herald
Byline: Jane Bussey
Apr. 23--More than six years ago, the presidents of Argentina, Brazil, Paraguay and Uruguay launched a bold attempt at regional integration: a customs union that would nurture fledgling industries in the four developing nations while offering protection from some of the worst rampages of globalization. Mercosur -- the Common Market of the Southern Cone -- was unveiled to great acclaim.
The union has survived numerous strains, especially Brazil's currency devaluation in early 1999 that led pundits to quip: "Can this marriage be saved?"
But Argentina's current financial crisis, which has prompted the country to raise import duties on consumer goods, may spell the end for the customs union. Under this type of trade accord, the countries...
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