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 ?
PORRATA-DORIA, JR., MERCOSUR: THE COMMON MARKET OF THE SOUTH 7-9 (2005) [hereinafter PORRATA-DORIA, MARKET OF THE SOUTH] (explaining theoretical stance of ECLA); see also Mace, supra note 9, at 408 (describing ECLA as "most vocal proponent of economic integration in the region").
Much of his discussion centers around Mercosur, The Common Market of the South, particularly its origin and development, nature and dynamics, and potential.
Mercosur is the Common Market of the South free trade bloc, encompassing Argentina, Bolivia, Brazil, Chile, Paraguay and Uruguay.
Nin Novoa highlighted, at a press conference, the work carried out in the last three years by the technical team of the portfolio under his charge, with "arduous and difficult" negotiations, which led to the agreement signed on Friday, June 28 in Brussels between the Common Market of the South (Mercosur) and the European Union (EU).
The papers provide historical case studies of the Peace of Westphalia, the Congress of Vienna, the Austrian State Treaty, the Dayton agreement in Bosnia, Israeli-Palestinian negotiations, the construction of Mercosur (the Common Market of the South), Cyprus, post-Apartheid South Africa, Mozambique, and the Nagorno-Karabakh region of the former Soviet Union.
Nin Novoa said, at the meeting with journalists convened on Monday the 1st at the Chancellery headquarters, that the agreement reached between the Common Market of the South (Mercosur) and the EU "was always worked in consultation with business chambers and the workers' center PIT-CNT ", with whose representatives held a meeting shortly before the press meeting.
In the framework of the XIII Presidential Summit of the Pacific Alliance, which was held on July 24 and 25, 2018 in Puerto Vallarta, Mexico, the heads of state of that regional bloc, which make up Chile, Colombia, Peru and the country host, they shared a plenary session with the presidents and representatives of Uruguay, Argentina, Brazil and Paraguay, grouped in the Common Market of the South (Mercosur), on topics of reciprocal interest.
They recognized the work of the Central American Integration System (SICA) and the Common Market of the South (MERCOSUR) as spaces for dialogue and regional integration, for which Uruguay expressed the interest of establishing a work agenda between both organizations, a proposal that was well received for Guatemala for which he expressed his full support.
Guyana and Argentina are already collaborating at the multilateral level, particularly within the Organisation of American States, the Common Market of the South, the Union of South American States and the Community of Latin American and Caribbean States Guyana and Argentina, through their participation in these organizations and within the United Nations, have been able to advance their common interests, particularly in promoting human rights, poverty alleviation and sustainable development and in the proclamation of the continent of South America as a zone of peace, he said.
Minister Kang asked Minister Nunes to attend the eighth foreign ministerial meeting of the Forum for East Asia-Latin America Cooperation (FEALAC) scheduled to take place in Busan, south of Seoul, on August 31 and to make efforts to start as soon as possible negotiations on a trade agreement between the ROK and Mercosur (Common Market of the South).
The Deputy Director-General of International Trade and Economic Development at the Department of Trade and Industry (the dti), Ms Xolelwa Mlumbi-Peter says the Preferential Trade Agreement (PTA) between the Common Market of the South (MERCOSUR) and the Southern African Customs Union (SACU) is encouraging the diversification of trade as well as the SACU markets.