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Southern Common Market

   Also found in: Financial, Wikipedia, Hutchinson 0.03 sec.
Southern Common Market: see Mercosur 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.
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The little-known Southern Common Market of South America, better known by its Spanish acronym as Mercosur, is modeled directly on the European Union.
MEXICO said it would formally request associate membership in the Southern Common Market (Mercosur) trading bloc in July.
The Southern Common Market - Argentina, Brazil, Paraguay, and Uruguay - has added Chile as an associate member and is courting Bolivia, Mexico, and Venezuela.
 
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