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Latin America Eyes New Trade Bloc
In December 2012, the presidents of Mexico, Colombia, Chile and foreign minister of Peru agreed to sign an agreement in June 2012 creating a new, and potentially powerful, regional trade bloc. The block is expected to lift all barriers on the movement of goods, services, people and capital among the four nations by 2020. The new bloc is expected to serve as a counterweight to Brazil's growing clout in the international trade arena.

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