What is the Union of South American Nations (UNASUR)?

The Union of South American Nations (UNASUR) is an intergovernmental organization that aims to promote regional integration and cooperation among the countries of South America. It was established in 2008 and currently consists of 12 member states: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela.

UNASUR seeks to enhance political dialogue, economic integration, social development, and infrastructure projects within the region. It aims to strengthen South American identity and foster a sense of unity among its member countries. The organization promotes cooperation in various areas, including trade, energy, education, health, and defense.

One of the key objectives of UNASUR is to promote regional trade agreements and reduce barriers to trade among member countries. It seeks to create a common market and facilitate the free movement of goods, services, and capital within the region. UNASUR also aims to coordinate trade policies and negotiate trade agreements with other regions and countries outside of South America.

Overall, UNASUR plays a significant role in promoting economic integration and trade cooperation among South American countries, with the ultimate goal of fostering regional development and prosperity.