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Mercosur

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia, Hutchinson 0.03 sec.
Mercosur or Mercosul, officially the Common Market of the South, Latin American trade organization established in 1991 to increase economic cooperation among the countries of E South America. It is commonly known as Mercosur or Mercosul from the Spanish and Portuguese names, respectively, for the organization. Full members now include Argentina, Brazil, Paraguay, Uruguay, and Venezuela; Bolivia, Chile, Colombia, Ecuador, and Peru are associate members. The headquarters are in Montevideo, Uruguay. Mercosur is gradually eliminating tariffs between member states and at the same time aiming for a low common external duty, and trade between its members has greatly expanded since 1991.


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00 Paperback KDZ944 President of the Washington-based Mercosur Consulting Group, O'Keefe (international relations and earth systems, Stanford U.
And, in early September, Brazil's Senate approved a censure motion against Venezuelan President Hugo Chavez, making it likely that the MERCOSUR membership petition, to be addressed this month, will suffer the same fate in Brazil as it did in Paraguay.
The members of the South American trade bloc Mercosur ended their recent assembly with the promise to cooperate more closely in improving their international trade relations, creating more employment opportunities, and resolving poverty.
 
 
 
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