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Mercosur
Mercosur (Mercado Común del Cono Sur, Common Market for the Southern Part of America) An economic free trade area consisting of Argentina, Brazil, Paraguay, and Uruguay. Created in 1990, in the first years of its existence trade between its members rose from $3.7 billion in 1991 to $15.6 billion in 1995. On 1 January 1995, 85 per cent of the tariffs on trade between member states were lifted, whereupon the volume of trade within Mercosur jumped by 25 per cent in that year alone. In June 1996 Chile became an associated member, with Bolivia, Venezuela, and Peru expressing an interest in eventual membership. However, efforts at closer economic integration and the ultimate goal of a common market proved unrealistic owing to the economic collapse of some of the member states, notably Argentina in 2001/2002.
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JAN PALMOWSKI. "Mercosur." A Dictionary of Contemporary World History. 2004. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. JAN PALMOWSKI. "Mercosur." A Dictionary of Contemporary World History. 2004. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O46-Mercosur.html JAN PALMOWSKI. "Mercosur." A Dictionary of Contemporary World History. 2004. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O46-Mercosur.html |
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Mercosur
Mercosur (Southern Common Market) An association of South American nations formed in 1991 with the aim of establishing a common market between member states and harmonizing their economic and social policies. The current members are Argentina, Brazil, Paraguay, Uruguay, and Venezuela; Bolivia has been invited to join in 2006–07 and Chile is an associate member. In 2004 Mercosur signed a cooperation agreement with the Andean Community (CAN), which comprises Bolivia, Colombia, Ecuador, Peru, and Venezuela. The ultimate goal is now the complete integration of the two blocs to form a continent-wide association on the model of the European Union. See also Latin American Integration Association.
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"Mercosur." A Dictionary of Business and Management. 2006. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "Mercosur." A Dictionary of Business and Management. 2006. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O18-Mercosur.html "Mercosur." A Dictionary of Business and Management. 2006. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O18-Mercosur.html |
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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.
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Cite this article
"Mercosur." A Dictionary of World History. 2000. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "Mercosur." A Dictionary of World History. 2000. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O48-Mercosur.html "Mercosur." A Dictionary of World History. 2000. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O48-Mercosur.html |
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Southern Common Market
Southern Common Market see Mercosur . |
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"Southern Common Market." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "Southern Common Market." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1E1-X-SthrnCmM.html "Southern Common Market." The Columbia Encyclopedia, 6th ed.. 2011. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-X-SthrnCmM.html |
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MERCOSUR
MERCOSUR (ˈmʔːkəʊsʊə) Mercado Común del Sur (Spanish: Southern (American) Common Market)
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Cite this article
FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "MERCOSUR." The Oxford Dictionary of Abbreviations. 1998. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "MERCOSUR." The Oxford Dictionary of Abbreviations. 1998. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O25-MERCOSUR.html FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "MERCOSUR." The Oxford Dictionary of Abbreviations. 1998. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O25-MERCOSUR.html |
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