mercosur

listen to the pronunciation of mercosur
Turkish - Turkish
Brezilya, Paraguay, Uruguay ve Arjantin'in oluşturduğu Latin Amerika Ortak Pazarı
English - English
a trade association (=group of countries that have trade agreements with each other) consisting of Argentina, Brazil, Paraguay, and Uruguay, which was started in 1991 in order to encourage trade and reduce import taxes between these countries
Mercosur (Spanish; Mercosul in Portuguese; or Southern Common Market) is comprised of Argentina, Brazil, Paraguay and Uruguay Bolivia and Chile have associate memberships Mercosur, modelled along the lines of the EU's Treaty of Rome, will establish a common external tariff and eliminate barriers to trade in services
A regional trade block in South America, composed of Brazil, Argentina, Uruguay and Paraguay Came into force in 1995
Mercado Commun del Sur (Southern Cone Common Market)
A trade alliance between Argentina, Brazil, Paraguay and Uruguay, with Chile and Bolivia as associate members
This regional trade alliance formed in 1991, created a customs union in 1995 Members are: Argentina, Brazil, Paraguay, Uruguay, and affiliated members Chile and Bolivia It has the objective of establishing the free circulation of goods, services, and factors of production, achieving unified customs, coordinating fiscal and exchange policies, and setting a common external tariff and trade policy
Mercado Común del Sur MFP Multifactor Productivity Measurements
This trade pact (called Mercosul in Portuguese) includes Paraguay, Argentina, Uruguay and Brazil It is hoped to be running by 1994
A preferential trade agreement among countries of the southern cone of South America that aims to establish free trade and increased economic cooperation among members The acronym in Portuguese is MERCOSUL