Southern Common Market (MERCOSUR)

  • Barry Turner
Part of the The Statesman's Yearbook book series (SYBK)

Abstract

Founded in March 1991 by the Treaty of Asunción between Argentina, Brazil, Paraguay and Uruguay, Mercosur committed the signatories to the progressive reduction of tariffs culminating in the formation of a common market on 1 Jan. 1995. This duly came into effect as a free trade zone affecting 90% of commodities.

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2005

Authors and Affiliations

  • Barry Turner

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