answersLogoWhite

0

What is Mercosur?

Updated: 12/11/2022
User Avatar

Wiki User

16y ago

Best Answer

A regional trade agreement to promote the free trade of and movement of goods, people and currency. The RTA is between Brazil, Argentina, Uruguay and Paraguay.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is Mercosur?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Is Venezuela a member of mercosur?

no Venezuela is not a member of mercosur.


What countries are members of the Mercosur trading bloc?

Mercosur includes Venezuela, Brazil, Argentina, Uruguay, and Paraguay.


What is mercosur and what is the benefits and drawbacks of it?

Mercosur was set up in March 1991 by Argentina, Brazil, Paraguay and Uruguay under the Treaty of Asuncion. The 1994 Treaty of Ouro Preto gave the body a wider international status and formalised a customs union. Brazil and Argentina are Mercosur's economic giants. Bolivia, Chile, Colombia, Ecuador and Peru are associate members; they can join free-trade agreements but remain outside the bloc's customs union. Moves to include Chile as a full member were suspended after Santiago signed a free-trade deal with the US in 2002. Mercosur tariff policies regulate imports and exports and the bloc can arbitrate in trade disputes among its members. In the longer term, Mercosur aims to create a continent-wide free-trade area, and the creation of a Mercosur development bank has been mooted. from: http://news.bbc.co.uk/2/hi/americas/5195834.stm more info on the above website


In recent times many Latin American countries have tried o improve their economies by?

1) Forming economic blocs. Some examples include Mercosur (Mercado comun del Sur / Southern Common Market) between Argentina, Venezuela, Uruguay, Paraguay and Brazil, and NAFTA (North American Free Trade Agreement) between Mexico, Canada and the United States.2) Diversifying their economies. Most countries within the region export natural resources, such as soybeans (Brazil), oil (Venezuela) or copper (Chile).


What trade block is the most important in Latin America?

This is a tricky question.The largest intra-regional block would be Mercosur (Common Market of the South) which includes Argentina, Brazil, Paraguay, Uruguay and Venezuela and is worth USD 808.2 billion in terms of trade.However, the largest block which encompasses a Latin American nation would be NAFTA (North American Free Trade Agreement), which is worth USD 17 trillion; it includes Mexico as well as Canada and the United States, both of which are outside the region. To be fair, trade between Mexico and its two partners is worth USD 536.6 billion

Related questions

What is Mercosur's population?

The population of Mercosur is 267,386,382.


Is Venezuela a member of mercosur?

no Venezuela is not a member of mercosur.


When was Mercosur created?

Mercosur was created on 1991-03-26.


What is the area of Mercosur?

The area of Mercosur is 12,781,179 square kilometers.


What is the population density of Mercosur?

The population density of Mercosur is 20.86 people per square kilometer.


What countries are members of the Mercosur trading bloc?

Mercosur includes Venezuela, Brazil, Argentina, Uruguay, and Paraguay.


Why have southern cone nations become members of mercosur?

Why have southern cone nations become memebers pf mercosur?


What has the author Luis A Eguivar written?

Luis A. Eguivar has written: 'MERCOSUR' -- subject(s): Economic integration, MERCOSUR (Organization)


Which countries are associate members of Mercosur?

Pending final approval at the present time, Bolivia, Chile, and Mexico are associate members of Mercosur.


What has the author Ilaria Carnevali written?

Ilaria Carnevali has written: 'MERCOSUR-Chile' -- subject(s): Commercial policy, MERCOSUR (Organization)


What has the author Horacio Moavro written?

Horacio Moavro has written: 'Las Instituciones del Mercosur' -- subject(s): Economic integration, MERCOSUR (Organization)


When was MERCOSUR Konex Award winners created?

Honour Konex Award winners was created in 1980.