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A regional trade agreement to promote the free trade of and movement of goods, people and currency. The RTA is between Brazil, Argentina, Uruguay and Paraguay.

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Is Venezuela a member of mercosur?

no Venezuela is not a member of mercosur.


What countries are members of the Mercosur trading bloc?

Mercosur includes Venezuela, Brazil, Argentina, Uruguay, and Paraguay.


What is mercosur and what is the benefits and drawbacks of it?

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


Why trade block in mercosur countries?

Trade blocs in Mercosur countries, which include Argentina, Brazil, Paraguay, and Uruguay, facilitate economic integration by reducing tariffs and fostering trade among member states. This collaboration enhances market access, promotes regional supply chains, and increases competitiveness on a global scale. Additionally, it allows member countries to negotiate collectively with external trading partners, thereby strengthening their positions in international trade discussions. Overall, Mercosur aims to boost economic growth and stability within the region.


When did Argentina join Mercosur?

Argentina joined Mercosur (Southern Common Market) on March 26, 1991, when the treaty establishing the bloc was signed. Alongside Brazil, Paraguay, and Uruguay, Argentina played a key role in the formation of this regional trade agreement aimed at promoting economic integration and cooperation among member countries.