Southern Common Market
Marché commun du Sud
Mercado Común del Sur (MERCOSUR)
Mercado Comum do Sul (MERCOSUL)
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Contact Details
URL: https://www.mercosur.int/en/
Facebook: https://www.facebook.com/mercosur1991oficial/
LinkedIn: https://www.linkedin.com/company/mercosur/
Founded
1994-12
History
Established following the signing of Ouro Preto Protocol by Brazil, Argentina, Paraguay and Uruguay. Integration process involving the four countries was established by the Treaty of Asunción, signed 26 Mar 1991. Agreements for a Free Trade Area signed by Chile, Bolivia and Peru (since Dec 2003). Also referred to in English as Common Market of the South. Expected to merge with F-XD0055 - Andean Community; complete integration expected by Summit, Colombia, Dec 2007.
Aims
Promote free movement of goods, services and factors of production between States Parties; establish a common external tariff and adopt a common trade policy in relation to third States; coordinate macroeconomic and sectoral policies between States Parties; harmonize legislation in relevant areas in order to strengthen the integration process.
Events
32 past events available with paid subscription only.Structure
Consejo del Mercado Común -- Conselho do Mercado Comum - Common Market Council (governing body), consisting of Ministers of Finance and Foreign Relations; K-XK1483 - Grupo Mercado Común del MERCOSUR (GMC); U-XK1505 - Comisión de Comercio del MERCOSUR; E-XJ1213 - Parlamento del MERCOSUR; Permanent Court of Revision; U-XK1506 - Foro Económico y Social del MERCOSUR; Secretariat.
Languages
Available with paid subscription only.Relations with Inter-Governmental Organizations
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Available with paid subscription only.Type I Classification
Available with paid subscription only.Type II Classification
Available with paid subscription only.Subjects *
Available with paid subscription only.UIA Org ID
XF9180
** UN SDGs are linked to the subject classification.
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