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Mercosur

   Also found in: Financial, Acronyms, Wikipedia, Hutchinson 0.04 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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Kanjiko will produce and deliver auto parts from a Toyota production site in the South American Mercosur zone.
Do you think Mercosur might be playing the EU and United States against each other?
TAM Mercosur, based in Paraguay, started twice-daily flights from GIG to Asuncion (via GRU) and Buenos Aires.
 
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