Mercosur

(redirected from Common Market of the South)
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Mercosur

(ˈmɜːkəˌsə)
n
(Economics) a trading block composed of Argentina, Brazil, Paraguay, Uruguay, and Venezuela, with associate members Bolivia, Chile, Colombia, Ecuador, and Peru; superseded in 2008 by the Union of South American Nations (Unasur or Unasul), by uniting with the Andean Community
[C20: from Spanish Mercado Común del Cono Sur common market of the southern cone]
References in periodicals archive ?
The Common Market of the South (MERCOSUR) bloc includes Brazil, Argentina, Uruguay, Paraguay, and Egypt.
The summit is great chance for Egyptian team to hold talks with Brazil to activate the Free Trade Agreement (FTA) with the Common Market of the South (Mercosur), especially Argentinean parliament agreed on it," Shafei told Egypt Today on Thursday.
MERCOSUR is South America's leading trading bloc, also known as the common market of the South, it aims to bring about the free movement of goods, capital, services and people among its member States.
Privately-held Universo, which manufactures architectural paints for home, wood and metal applications, already is exporting to the other member countries of Mercosul, the Common Market of the South, and to Peru.
The author focuses on the reasons that figures from Simon Bolivar to the founders of the Common Market of the South (Mercosur) have sought to achieve political and economic union and on the steps they have taken to pursue that goal, primarily by analyzing the speeches and writings of the unionists themselves.
The Parliament of the Common Market of the South (Mercosur), an economic integration entity, announced Monday that it would send an observation mission to Venezuela to help address its internal conflict.