Mercosur


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Related to Mercosur: Unasur

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 ?
This is the first time that MERCOSURs external sales have gone up in five years.
Dr Michel Alaby, secretary general and CEO of ABCC, said: "As the Free Trade Agreement signed between Mercosur and Egypt comes into effect, we can expect to witness a boost in trade as well as a strengthening of the partnership between Brazil and Egypt.
Overall, a trade agreement between the EU and Mercosur would help to reduce barriers to trade of any nature, allowing for a more fluid and efficient exchange of goods and services between the regions, since the reduction of tariffs remains the primary goal.
La seccion cuarta analiza el nivel y la evolucion de las producciones de cine del Mercosur en terminos de integracion del mercado y de diversidad cultural.
Future of Mercosur foreign affairs in the legal context in terms of cooperation with third parties and such integrated alliances as the Eurasian Economic Union, European Union, and the North American Free Trade Area.
While Mercosur countries have grown at an average rate of less than 1 percent per year, Pacific Alliance members have experienced growth upwards of 4 percent annually during the bloc's short history, and their economies are expected to continue growing at three or four times the rate of their Mercosur neighbors.
Segun un documento de la cancilleria de noviembre de 2013, la UE tiene, para algunos productos, aranceles que van de 71% a 151%, que contrastan con el arancel maximo del Mercosur (35%) y con el impuesto promedio de Argentina, de tan solo 11.
En ese sentido, es posible afirmar que las condiciones estan dadas en el MERCOSUR para la aplicacion de principios de organizacion administrativa.
In terms of human rights, MERCOSUR has evolved in the direction of recognizing certain rights and, among them, labour and environmental standards.
All the offers are ready and just have to be combined: the four Mercosur countries working to draft a trade agreement with the European Union (Argentina, Brazil, Paraguay and Uruguay)(1) compared their offers at a technical meeting last week in Montevideo, Uruguay.
He also said he intends to use his current regional tour to strengthen Mercosur as a regional bloc and promote it as a regional model tailored to the current situation in the continent and around the world.
En el ultimo decenio se ha insistido en senalar que el Mercosur tiene prioridad en la politica exterior del Brasil.