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Development of Common Market of South American Countries (MERCOSUR)

Nadezhda P. Volovik – Head of Foreign Trade Department of the Gaidar Institute; Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Olga I. Izryadnova – Head of Structural Policy Department of the Gaidar Institute; Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Eurasian Economic Union (EEU) is interested in establishment of free trade zone (FTZ) with Common market of South American countries (MERCOSUR). However, it has to be noted that many issues hinder establishment of FTZ between blocks. Careful consideration of integration processes under MERCOSUR is required as well as analysis of economic development of countries, members of the block and their trade policy,

Key words: MERCOSUR, Eurasian Economic Union, free trade zone, trade policy, trade liberalization, protectionism, tariff and non-tariff barriers.