Mercosur is a regional economic bloc in South America, not a geographical area. It includes Argentina, Brazil, Paraguay, Uruguay, and Venezuela as full members, and Bolivia as a candidate member. The combined land area of these countries is approximately 7.5 million square kilometers.
no Venezuela is not a member of mercosur.
Pending final approval at the present time, Bolivia, Chile, and Mexico are associate members of Mercosur.
Mercosur is an economic and political agreement among 5 South American nations. They include Argentina, Brazil, Paraguay, Uruguay, and Venezuela.
Countries that are members of Mercosur are Argentina, Brazil, Paraguay, Uruguay and Venezuela. Bolivia, Chile, Columbia, Ecuador, Guyana, Peru and Suriname are currently associate members.
6 are associate members, which are Chile, Bolivia, Peru, Ecuador, Colombia, Venezuela, and there are 3 non members, which are Guyana, Suriname, and french Guiana.
MERCOSUR (Southern Common Market). Bolivia, Chile, Colombia, Ecuador and Peru currently have associate member status.
Mercosur tries to improve trade in South America by reducing tariffs among member countries.
There are five full member states naming Argentina, Brasil, Paraguay, Uruguay and Venezuela. There are 6 associate member including Chile, Colombia, Ecuador, Guyana, Peru and Suriname.
Mercosur was set up in March 1991 by Argentina, Brazil, Paraguay and Uruguay under the Treaty of Asuncion. The 1994 Treaty of Ouro Preto gave the body a wider international status and formalised a customs union. Brazil and Argentina are Mercosur's economic giants. Bolivia, Chile, Colombia, Ecuador and Peru are associate members; they can join free-trade agreements but remain outside the bloc's customs union. Moves to include Chile as a full member were suspended after Santiago signed a free-trade deal with the US in 2002. Mercosur tariff policies regulate imports and exports and the bloc can arbitrate in trade disputes among its members. In the longer term, Mercosur aims to create a continent-wide free-trade area, and the creation of a Mercosur development bank has been mooted. from: http://news.bbc.co.uk/2/hi/americas/5195834.stm more info on the above website
Brazil, Argentina, Uruguay, Paraguay ,and Venezuela
To eliminate the trade barriers between member states and create a common market.