Mercosur

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. 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, and Uruguay; Bolivia, Chile, Colombia, Ecuador, Peru, and Venezuela (which will become a full member once all four full members ratify its accession) 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. A Mercosur parliament was established in 2007.

Hide all research tools
Print this article Print all entries for this topic Cite this article Link to this article
Link to this article

CloseClose

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.encyclopedia.com/doc/1E1-Mercosur.html" title="Facts and information about Mercosur">Mercosur</a>

Add this article to Del.icio.us Bookmark this article on Diigo Share this article on Facebook Submit this article to Reddit Give this article a thumbs-up on StumbleUpon
Show all research tools

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"Mercosur." The Columbia Encyclopedia, Sixth Edition. 2008. Encyclopedia.com. 9 Sep. 2010 <http://www.encyclopedia.com>.

"Mercosur." The Columbia Encyclopedia, Sixth Edition. 2008. Encyclopedia.com. (September 9, 2010). http://www.encyclopedia.com/doc/1E1-Mercosur.html

"Mercosur." The Columbia Encyclopedia, Sixth Edition. 2008. Retrieved September 09, 2010 from Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-Mercosur.html

Learn more about citation styles

Mercosur

Mercosur (Portuguese name Mercosul) A regional trade organization in South America, whose full title is the Southern Cone or South American Common Market. Founded in March 1991, with the aim of creating a common market in the area, Mercosur's member states are Argentina, Brazil, Paraguay, and Uruguay. Following protracted negotiations on tariffs, the final presidential accord to create the customs union was signed on 17 December 1994 and Mercosur was inaugurated on 1 January 1995. Chile joined as an associate member in 1996. Mercosur and the European Union signed a cooperation agreement in 1995 and pledged to open negotiations on the eventual creation of a Mercosur-EU free trade zone.

Hide all research tools
Print this article Print all entries for this topic Cite this article Link to this article
Link to this article

CloseClose

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.encyclopedia.com/doc/1O48-Mercosur.html" title="Facts and information about Mercosur">Mercosur</a>

Add this article to Del.icio.us Bookmark this article on Diigo Share this article on Facebook Submit this article to Reddit Give this article a thumbs-up on StumbleUpon
Show all research tools

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"Mercosur." A Dictionary of World History. 2000. Encyclopedia.com. 9 Sep. 2010 <http://www.encyclopedia.com>.

"Mercosur." A Dictionary of World History. 2000. Encyclopedia.com. (September 9, 2010). http://www.encyclopedia.com/doc/1O48-Mercosur.html

"Mercosur." A Dictionary of World History. 2000. Retrieved September 09, 2010 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O48-Mercosur.html

Learn more about citation styles

Related entries from encyclopedias, dictionaries and thesauruses

Free newspaper and magazine articles

MERCOSUR SUMMIT BRINGS RENEWED COMMITMENT FOR REGIONAL COOPERATION.
Newspaper article from: NotiSur - South American Political and Economic Affairs; 6/27/2003
Venezuela Enters Mercosur as a Permanent Member, an Industrialinfo.com News...
Business Wire; 1/9/2006
Francisco Dominguez & Marcos Guedes de Oliveira eds.: Mercosur: Between...
Magazine article from: Capital &amp; Class; 6/22/2005

Facts and information from other sites

Related articles from newspapers, magazines, and more

MERCOSUR SUMMIT BRINGS RENEWED COMMITMENT FOR REGIONAL COOPERATION.
Newspaper article from: NotiSur - South American Political and Economic Affairs; June 27, 2003; 700+ words ...of the Southern Cone Common Market (MERCOSUR) met in Asuncion, Paraguay, June 18...Bolivia, Gonzalez Sanchez de Lozada, MERCOSUR associate members, also attended, as...presidents of Argentina and Brazil to revamp MERCOSUR, seriously damaged by years of economic...
Mercosur's malaise.(Brazilian and Argentinean economies affect South American...
Magazine article from: The Economist (US); April 24, 1999; 700+ words ...Argentina and Brazil, give it a push, Mercosur will never achieve its bold ambitions...in 1991 as a putative common market, Mercosur has been a beacon of economic promise...the idea of free-trade talks between Mercosur and the European Union, whose leaders...
Mercosur Disapproves Chile-U.S Free Trade Negotiations
News Wire article from: Xinhua News Agency; December 12, 2000; 700+ words Leaders of Mercosur countries, loath to see Chile holding...customs union when they meet this week. Mercosur leaders, at their summit meeting on...conditions on Chile's full membership in Mercosur (the South American Common Market...
Mercosur plans expansion as trade talks begin
News Wire article from: AP Worldstream; December 16, 2004; 700+ words ...BrazilLeaders of South American trade bloc Mercosur said Thursday the internal disputes that...continent are simply growing pains."Mercosur is growing and expanding, with new associate...he said. By contrast, he said, Mercosur is growing.Presidents of the four ...
Mercosur leaders meet amid mounting criticism of trade bloc
News Wire article from: AP Worldstream; December 14, 2004; 700+ words ...bloc, officials representing the Mercosur nations are heading back to the same...experts and business leaders that Mercosur doesn't work and must be fixed or disbanded.While trade among the Mercosur nations has grown since the zone was...
Mercosur Plans Expansion As Talks Begin
News Wire article from: AP Online; December 16, 2004; 700+ words ...Foreign Minister Leila Rachid talk during a Mercosur forum, in Belo Horizonte, Brazil...2004. Leaders from South America's Mercosur trade zone on Thursday kick off their...simply "growing" pains, leaders of the Mercosur trade bloc said Thursday. "Mercosur...
Mercosur Leaders Meet, Assess Trade Bloc
News Wire article from: AP Online; December 15, 2004; 700+ words ...remain, in the most glaring example of Mercosur's failure to integrate its members...America into a unified economic bloc, Mercosur nation officials are returning amid mounting...by experts and business leaders that Mercosur doesn't work and must be fixed or disbanded...
MERCOSUR: LATIN OFFICIALS FIND U.S. COUNTERPARTS "MISINFORMED"
News Wire article from: Inter Press Service English News Wire; April 3, 1998; 700+ words ...make up the Southern Common Market (Mercosur)than it does to Russia and China combined...maybe 20 people up here who know about Mercosur,"said one trade policy adviser to...more U.S. corporations investin the Mercosur countries and negotiations accelerate...
EU/MERCOSUR: PLAN TO RELAUNCH TRADE TALKS WITH EU.(Brief Article)
Newspaper article from: European Report; October 31, 2001; 700+ words ...Deputy Foreign Minister and Head of the Mercosur delegation Guillermo Valles, claimed...underlined the political interest of the Mercosur bloc in establishing an inter-regional...issues, he explained.The EU is by far Mercosur's largest export market. The average...
EU/MERCOSUR: TRADE TALKS FALTER AS SIDES TRADE BLOWS.(European Union)
Newspaper article from: European Report; October 2, 2004; 700+ words Mercosur complaints. Comprising Brazil, Argentina, Uruguay and Paraguay, Mercosur said in a September 30 statement from the Brazilian...which it considers a "strategic element" in Mercosur's foreign trade policy. But it also asserted...

For more facts and information, see all related premium articles

Pictures from Google Image Search

Click to see an enlarged picture
Click to see an enlarged picture
Click to see an enlarged picture

See more pictures of Mercosur

For students and teachers!

Encyclopedia.com provides students and teachers facts, information, and biographies from verified, citable sources, including:

Encyclopedia.com provides students and teachers facts, information, and biographies from verified, citable sources, including:

Popular on Newser: