Economics Trade Agreements Questions
The Southern Common Market (Mercosur) is a regional trade agreement established in 1991 between several South American countries, including Argentina, Brazil, Paraguay, and Uruguay. Its main objective is to promote free trade and economic integration among its member countries. Mercosur aims to eliminate trade barriers, such as tariffs and quotas, and facilitate the movement of goods, services, and capital within the region. It also seeks to coordinate policies on various economic sectors, including agriculture, industry, and services.