Economics Trade Agreements Questions
Mercosur, also known as the Southern Common Market, is a regional trade agreement among several South American countries. It was established in 1991 and includes Argentina, Brazil, Paraguay, and Uruguay as full members, with Bolivia and Chile as associate members. The main objective of Mercosur is to promote free trade and economic integration among its member countries, reducing trade barriers and fostering cooperation in various areas such as agriculture, industry, and services.