Trade (mercosur) Displaying image 2 of 3
Manual Slideshow Mode
Top > Brazil > Travel Tools > Trade > mercosur Previous PageReturn to Home PageView My AlbumNewly AddedRandom DisplayTop HitsTop RatesPlay SlideshowNext Page
[Sort: date name hits rates]   [Thumbs/Page: 8 12 16]   

mercosur.jpg
Download

IPTC INFO
CaptionMercosur or Mercosul Spanish: Mercado Común del Sur Portuguese: Mercado Comum do Sul English: Southern Common Market is a trading zone between Brazil Argentina Uruguay and Paraguay founded in 1991 by the Treaty of Asunción which was later amended and updated by the 1995 Treaty of Ouro Preto. Its purpose is to promote free trade and the fluid movement of goods peoples and currency. Bolivia Chile Colombia Ecuador and Peru have associate member status. On December 9th 2005 Venezuela was accept as a new member but it will be officialized in late 2006. After changes in Venezuelan policy to adhere to exisiting Mercosur rules Venezuela will become a voting member. On December 30th 2005 it was announced that Bolivia would be invited to join as a full member. The organization has a south and central America integration vocation. Some South Americans see Mercosur as giving the capability to combine resources to balance the activities of other global economic powers perhaps especially the United States and the European Union. The organization could also potentially pre-empt the Free Trade Area of the Americas FTAA however over half of the current Mercosur member countries rejected the FTAA proposal at the IV Cumbre de las Americas IV Summit of the Americas in Argentina in 2005. The development of Mercosur was arguably weakened by the collapse of the Argentine economy in 2002 and it has still seen internal conflicts over trade policy between Brazil and Argentina for example. In December 2004 it signed a cooperation agreement with the Andean Community trade bloc CAN and they published a joint letter of intention for a future negotiations towards integrating all of South America. The prospect of increased political integration within the organization as per the European Union and advocated by some is still uncertain. There are more than 220 million consumers in this region and the combined Gross Domestic Product of the member nations is more than one trillion dollars a year.
Headlinetrading zone between Brazil Argentina Uruguay and Paraguay with full membership for Bolivia & Venezuela expected in 2006. - While Chile Colombia Ecuador and Peru have associate member status
Copyright Noticewiki/Mercosur
URLhttp://en.wikipedia.org/wiki/Mercosur

Filename Size Date Added Hits Rate It!
mercosur.JPG 42 Kb 02/02/2006 43 0.00 (0 votes)

Return to Thumbnail View
Send As A Postcard

C A T E G O R I E S
Welcome Guest

S E A R C H
AND   OR   PHRASE