The "Common Market of the South," which includes Argentina, Brazil, Paraguay, and Uruguay in a regional trade pact that reduces tariffs on intrapact trade by up to 90%.
Mercado Comun del Cono Sur (Common Market of the Southern Cone), a free trade block and customs union, comprising Brazil, Argentina, Uruguay, and Paraguay.
A multilateral agreement on trade among Argentina, Brazil, Paraguay and Uruguay. The agreement was signed in 1991 and came into effect on January 1, 1995. Its main goal is to create a customs union among the four countries by 2006.
Mercado Comun del Sur (Southern Common Market). Aims for Latin American free trade zone, to be operational by 1995. Members are Argentina, Brazil, Paraguay and Uruguay.
common market among Argentina, Brazil, Paraguay and Uruguay, known as the "Common Market of the South" ("Mercado Comun del Sur"). It was created by the Treaty of Asunción on March 26, 1991, and added Chile and Bolivia as associate members in 1996 and 1997.
This trade pact (called Mercosul in Portuguese) includes Paraguay, Argentina, Uruguay and Brazil. It is hoped to be running by 1994.
a trading block in Latin America comprising Brazil, Argentina, Uruguay and Paraguay as its members
Common Market of the South, made up of Argentina, Paraguay, Uruguay and Brazil. Chile, Bolivia, Colombia, Ecuador, Peru and Venezuela have observer status.
South American Free Trade Agreement
the southern zone common market of Argentina, Brazil, Paraguay, and Uruguay. Mercosur enacted a common external tariff on January 1, 1995 for almost 85 percent of tariff items of the four countries; most trade among members will be duty-free.
South American economic area comprising Argentina, Brazil, Paraguay and Uruguay
A South American free trade area comprising Argentina, Brazil, Chile, Paraguay and Uruguay.
Regional economic community in Latin America comprising Argentina, Brazil, Paraquay and Uruguay. Chile and Bolivia are associate members.
A regional trade agreement set up in 1994 between Argentina, Brazil, Paraguay and Uruguay. It is modelled on the European Community and has established a common external tariff and eliminated most barriers to trade in services. Français: Mercosur Español: Mercosur
Southern Cone Common Market
The “common market of the south.” A free trade area formed in 1991 by Brazil, Argentina, Paraguay and Uruguay. Venezuela announced its intention to join in 2006.
A trade alliance between Argentina, Brazil, Paraguay and Uruguay, with Chile and Bolivia as associate members.
Mercosur or Mercosul (Spanish: Mercado Común del Sur, Portuguese: Mercado Comum do Sul, English: Southern Common Market) is a RTA (Regional Trade Agreement) between Brazil, Argentina, Uruguay, Venezuela, and Paraguay, founded in 1991 by the Treaty of Asunción, which was later amended and updated by the 1994 Treaty of Ouro Preto. Its purpose is to promote free trade and the fluid movement of goods, peoples, and currency.