Mercosur
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Mercosur
TABLE OF CONTENTS
Pages
Introductory 1
Goals & Objectives 1-2
Economic Significance 2-3
Advantages & Disadvantages 3
Resolving Disputes 3-4
Dumping 5
Future: What are the objectives? 5-6
Current event 6
References 7
In the middle of the 80's a development between Argentina and Brazil, the two biggest countries of South America, turned up. From the beginning, it appeared to relapse several decades of common distrust that up to that moment had ruled the foreign policy of the Latin American countries.
In order to deepen their relationship, both countries sealed their approach with the subscription of 24 combined protocols, symbolizing the appearance of a new world political and economical reality. For both countries it represented the start of a new kind of relation much deeper than ever before in their history.
In August 1990, Paraguay and Uruguay requested the merging of their countries to the agreement that was spread between the two South American giants. On March 26, 1991, the Treaty of Asuncion put the Southern Common Market in force. The Treaty signed in Asuncion set the decision of "building a common market" which had to be agreed upon by December 31, 1994.
Goals and Objectives
Mercosur is a customs union, which was established on January 1, 1995. Mercosur includes four main members, Brazil, Argentina, Paraguay and Uruguay and also two associate members, Bolivia and Chile...