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Mercosur
(redirected from Common Market of the South)

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Mercosur
The "Common Market of the South," which includes Argentina, Brazil, Paraguay, and Uruguay in a regional trade pact that reduces tariffs on intrapact trade by up to 90%.

Mercosur
An international organization consisting of Argentina, Brazil, Paraguay, and Uruguay, as well as several associate members in Latin America. The organization mandates the lowering of tariffs and other trade barriers, with an eye toward eventually eliminating restrictions on the movement of capital, labor, and goods and services. It aims to increase trade by and between countries in South America; critics in the United States and elsewhere worry that it will prevent the proposed Free Trade Area of the Americas from coming to fruition. See also: Free trade, Gaucho.


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Much of his discussion centers around Mercosur, The Common Market of the South, particularly its origin and development, nature and dynamics, and potential.
2) Recent trade data show that intra-regional trade among East Asian countries as a share of GDP is already similar to that of the Economic and Monetary Union of the European Union, and higher than that of other regions such as the North American Free Trade Agreement or Mercado Comun del Sur, or common market of the South (Mercosur).
Currently, Venezuela is bidding to join the Common Market of the South, or Mercosur, by the end of this year.
 
 
 
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