Mercosur

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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.

Mercosur

a regional ‘customs union’ established in 1995 to promote FREE TRADE between Brazil, Uruguay, Argentina and Paraguay. See TRADE INTEGRATION, LATIN AMERICAN FREE TRADE ASSOCIATION.

Mercosur

a regional CUSTOMS UNION established in 1995 to promote FREE TRADE between member countries. Mercosur, which comprises Brazil, Uruguay, Argentina and Paraguay, provides for the tariff-free movement of products between member countries and operates a ‘common external tariff against imports from non-members.

See TRADE INTEGRATION.

References in periodicals archive ?
de Araujo, supra note 18, at 26-27, 36 (noting that the dispute resolution in Mercosul does not mention mediation or conciliation, although private disputants can participate through consultations with Mercosul's trade commission).
Nissan has a very strong manufacturing capacity in Mexico, and we want to utilize those resources during the first phases of the plan, although other products will be manufactured in Brazil and in other Mercosul countries," Besson says.
For the purposes of this report, export numbers have been divided into four principal markets: the Mercosul of Argentina, which includes Uruguay and Paraguay; South America, with Bolivia, Chile, Colombia, Equador, Peru and Venezuela; Nafta, which includes the U.
Chile, long known for its transparent business climate in Latin America, is an important member of the Mercosul, or Common Market of the South trade bloc which encompasses most of the southern cone countries.
Ambassador Jorid Dauster updated the participants on the latest information on tariff issues and developments of the Mercosul Economic Union.
Beef Mercosul and Pilgrim's Pride (PPC) outperformed expectations in the first half of 2012.
According to the Softex Observatory, the studies and research unit of the entity, the net revenue of Brazil from exports was approximately US$ 2 billion in 2013, with the main destinations being the United States, Mexico, Mercosur/ Mercosul countries and Germany.
Sofia Hernandez Chong Cuy is curator of contemporary art at the Coleccion Patricia Phelps de Cisneros and artistic director of the 9th Mercosul Biennial, opening on September 13, 2013, in Porto Alegre, Brazil.
It is the first variety developed from combined genes and especially for Brazil, although according to ABRASEM, its use is going to expand to other countries, chiefly the member countries of Mercosul.
The Mercosul trade region--comprising Argentina, Chile, Paraguay and Uruguay--alone accounted for 45 percent of total Brazilian export sales, or approximately $61 million, Abrafati reports.
To increase its international profile (both economically and politically), the Lula administration is seeking expanded trade ties with developing countries, as well as a strengthening of the Mercosul (Mercosur in Spanish) customs union with Uruguay, Paraguay, and Argentina.
The results surprised even UPS's head of Brazil and the Mercosul trade bloc, Pablo Magallanes.