What is that arrangement called

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Reference no: EM133297119

Question: The Argentinian furniture company La Maceta was receiving wood from a company in Chile for its dining table production, but now has to buy its wood from a Brazilian company at a higher price because Argentina and Brazil are in the Mercosur trade agreement (which is a common market); how would you characterize this change? What is that arrangement called? Under what type of trade agreement could La Maceta still receive wood from Chile?

Reference no: EM133297119

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