The World - News from Dec. 1, 1988
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The presidents of three South American countries moved a step closer to their goal of forming a Latin American common market. Presidents Raul Alfonsin of Argentina, Jose Sarney of Brazil and Julio Sanguinetti of Uruguay, meeting at a “mini-summit” in Buenos Aires, signed new accords under an economic cooperation plan launched in 1986. Sanguinetti signed an accord with Alfonsin and Sarney aimed at easing traffic across their shared borders, and the latter two leaders signed bilateral agreements for the steel, automobile and gas industries. A day earlier, Argentina and Brazil also took another step toward ending their traditional rivalry by signing a treaty to set up a common market between them within 10 years.
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