Mercosur

SM ABR

= Mercado Común del Cono Sur Argentina, Brazil, Paraguay and Uruguay

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masculino: economic community comprising Argentina, Brazil, Paraguay and Uruguay

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= Mercosur.

Nota: Asociación económica de algunos países de Sudamérica parecida a la Comunidad Europea.

Ex. This article discusses the objectives, structure and organization of Mercosur, the Common Market of the South, which unites South American countries economically.

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masculino: economic community comprising Argentina, Brazil, Paraguay and Uruguay

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= Mercosur.

Nota: Asociación económica de algunos países de Sudamérica parecida a la Comunidad Europea.

Ex: This article discusses the objectives, structure and organization of Mercosur, the Common Market of the South, which unites South American countries economically.

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Mercosur

masculine

economic community comprising Argentina, Brazil, Paraguay and Uruguay

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Mercosur sustantivo masculino: economic community comprising Argentina, Brazil, Paraguay and Uruguay

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Mercosur [merko'sur] nm (abrev de Mercado Común del Sur)

MERCOSUR, = South American economic community consisting of Argentina, Brazil, Paraguay and Uruguay

MERCOSUR

After several decades of growth in trade relations, Argentina, Brazil, Paraguay and Uruguay signed the Treaty of Asunción in 1991 to found MERCOSUR (“Mercado Común del Sur”, Southern Common Market). Although initially no central institutions were established, the Treaty of Ouro Preto in 1994 provided for an institutional structure, though its development is less advanced than that of the Comunidad Andina (CAN). The collapse of the Argentinian economy in 2002 dealt a severe blow to MERCOSUR, and there have been a number of bitter disputes between member countries, but as it has a combined population of over 230 million, and a GDP of over $1,000 billion, it remains one of the largest economic groups in the world. Venezuela became a full member in 2006, while Bolivia, Chile, Peru, Colombia and Ecuador all now have associate member status, while Mexico is an observer.

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MERCOSUR

m abr (= Mercado Común del Sur) Common Market including Argentina, Brazil, Paraguay and Uruguay