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Mercosur
(redirected from Common Market of the South)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
Mercosur [ˈmɜːkəˌsə]
n
(Economics) a trading block composed of Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay
[from Spanish Mercado ComĂșn del Cono Sur common market of the southern cone]


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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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