MERCOSUR Report No. 6 (1999-2000)

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Date issued
Jul 2000
Although the leaders of the four member countries repeatedly affirmed their complete faith in the integration process, the outlook for MERCOSUR has been uncertain and gloomy as a result of Brazil¿s modification of the exchange regime in mid-January 1999, the negative effects of the fall in commodity prices, and the severe recession affecting Argentina and Brazil since the end of last year.