Southern Common Market

Marché commun du Sud
Mercado Común del Sur (MERCOSUR)
Mercado Comum do Sul (MERCOSUL)

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Contact Details

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History

Dec 1994 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 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.

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Structure

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Languages

Guarani, Portuguese, Spanish.

Members

Members in 11 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Government
    • Intergovernmental Communities

UN Sustainable Development Goals **

UIA Org ID

F9180

Last News Received

3. Feb 2016
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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