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...ed 92% of tariffs among members. Economic sanctions are withdrawal of customary trade They are typically used to prohibit commercial activity that regard to an entire country They are used to advance a range of foreign policy goals, including: counterterrorism, counter narcotics, nonproliferation, democracy and human rights promotion, conflict resolution, and, most recently, and cybersecurity they have had limitations, however. Except for Mexico and Brazil, Latin American countries are mostly small markets dominated by commodity exports with little industrialization and limited domestic consumer markets. This limits compatibility among Latin American countries and in cases like Mercosur, where countries have attempted to form common markets with external tariff structures blocking foreign trade. In spite of this, the LATB has been doing well in keeping their economy.
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