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Another way forward may be via Latin America's Pacific Alliance trade bloc.
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Both countries have joined forces in a new trade bloc, the Pacific Alliance.
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It's leaving a trade bloc, at the end of the day.
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The Mercosur trade bloc consists of Argentina, Brazil, Uruguay and Paraguay.
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Will stand behind Mercosur trade bloc, as well as South American intergovernmental union Unasur.
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The European Union, the world's biggest trade bloc, chimed in.
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The EU overtures vie with Putin's plans for a Russian-led Eurasian trade bloc to rival Europe.
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The United States will host a meeting of trade ministers from a proposed Asia-Pacific trade bloc.
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Her presidency would shape policy for the world's biggest trade bloc and its 500 million people.
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It's a proposed 12-nation trade bloc that economist Richard Baldwin calls a "mega-regional" group.
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On Tuesday, he flew to Brazil for a ceremony when Venezuela joined the regional trade bloc Mercosur.
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Both the African Union (AU) and the Southern African Development Community trade bloc have suspended Madagascar.
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Abraaj has made a number of investments in other countries of Latin America's pro-free trade bloc, the Pacific Alliance.
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Leaders of the South American trade bloc Mercosur closed a summit in Montevideo yesterday demanding urgent international support for Argentina.
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The UK is currently holding the G8 presidency and the trade bloc's leaders will gather in Northern Ireland next month.
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The EU is also seeking a trade deal with the West African trade bloc, but talks are not as advanced.