MERCOSUR

Joaquin Romero Marcelo Moran

Background
Mercado Comun del Sur (Common Market of the South) Custom Union: Brazil, Argentina, Paraguay, Uruguay, and Venezuela (pending) Biggest Trade Block in South America and 4th Worldwide

Origins
Treaty signed on March 26th 1991 by Brazil, Argentina, Paraguay and Uruguay Treaty of Asuncion Supplemented Brazil and Argentinas already established Treaty of Buenos Aires. Venezuela signed agreement June 17 2006 (pending)

Objectives
Free Transit amongst members Elimination of Custom Rights TEC: Common External Tariffs World Economic Power

MERCOSUR Population
Brazil makes up 80% of MERCOSUR population (191,241,714) Argentina (40,482,000) Venezuela (26,414,826) Paraguay (6,821,306) Uruguay (3,477,780) Over 268 billion population combined

MERCOSUR and Latin America

50% of Latin Americas GDP 43 % of Population 59 % of Land Mass 50 % of its Industrial Production 33% of total Foreign Trade

Immigration
Brazil
Temporary Residency
Members and Associates
Criminal Record Registration Fees Passport

Permanent Residency
2 years for eligibility

The Venezuela Issue

Brazil
2 Year delayed acceptance Itaipu treaty Brazil will benefit from Venezuelas resources

Paraguay
Acceptance yet to be ratified Pressure on Fernando Lugo Political stress in Paraguay

Trade in Goods in the World

Trade by Product

Trade in Commercial Services

Foreign Direct Investment

Mercosur trade with EU

Mercosur Members GDP

Uruguays GDP

Paraguays GDP

MERCOSUR EFFECTS
Stimulated cooperation among his members
Renegotiaton of Debt Signed a host of bilateral agreements Supply of Oil Banco del SUR

Conclusions
UNASUR
Union of South American Nations Signed by Mercosur members Originally signed in 2004 European Union

Brazil has benefited the most in MERCOSUR MERCOSUR against FTAA