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Endogenous tariff formation : case of Mercosur (Inglés)

Mercosur appears as an interesting case study for analyzing the determinants of exceptions in regional trade agreements. Its member countries Argentina, Brazil, Paraguay, and Uruguay intended to make Mercosur a full customs union by January 1995. This goal turned out to be too ambitious, and the protocol of Ouro Preto and other agreements signed in December 1994 led to a hybrid solution. Overall, out of a total of 9,119 tariff lines, around...
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