Brazil and Mercosur: These are the other member countries

The logo of Mercosur

Are you familiar with Mercosur? If not, it’s time to learn in todays Dica about this significant South American trade bloc. Prepare not only to learn Portuguese, but also more about Brazilian culture and history!

Mercosur, short for Mercado Común del Sur or the Southern Common Market, is a regional trade bloc that aims to promote free trade and economic integration among its member countries. Since its establishment in 1991, Mercosur has played a crucial role in shaping trade relations in the region.

What is Mercosur?

Mercosur is a regional organization that promotes economic integration and cooperation among its member nations. The organization was established in 1991 when Argentina, Brazil, Paraguay, and Uruguay signed the Treaty of Asunción.

Mercosur aims to create a common market to facilitate the free movement of goods, services, and capital among member countries. It seeks to eliminate trade barriers, such as tariffs, and establish a harmonized trade policy. This integration aims to enhance economic growth, increase investment opportunities, and foster regional development.

The Mercosur trade agreement covers agriculture, manufacturing, and services. Member countries benefit from preferential trade and access to a market of over 260 million people. Mercosur promotes regional cooperation, political dialogue, and social integration among its members.

What is a trade bloc?

A trade bloc, in simple terms, refers to a group of countries that come together to promote and facilitate international trade among themselves. These countries typically engage in a preferential trade agreement, where they lower or eliminate tariffs and other trade barriers to encourage the flow of goods and services within the group. Trade blocs aim to enhance economic cooperation and expand market access for member countries.

Who are the Mercosur member countries?

Currently, Mercosur consists of five full member countries:

  • Argentina
  • Brazil
  • Paraguay
  • Uruguay
  • Venezuela (suspended)
  • Bolivia

Associate countries are Chile, Colombia, Ecuador, Guyana, Peru, and Suriname.

The member countries of Mercosur:
Green: Argentina, Brazil, Paraguay and Uruguay
Blue: The newest addition Bolivia (Dezember 2023)
Red: Venezuela (suspended)
By Heraldry – Own work based on: MERCOSUR (orthographic projection).svg, CC BY-SA 3.0,

Why was Venezuela suspended from Mercosur?

Venezuela’s suspension from Mercosur, the South American trade bloc, was a significant development that shook the region. But why did it happen? Venezuela’s suspension came after concerns were raised about its democratic crisis and human rights violations.

The decision to suspend Venezuela was based on a clause known as the Ushuaia Protocol, which defines the democratic commitment required of its members. The bloc felt that Venezuela had failed to meet these commitments, leading to its suspension.

The Impact of Mercosur on Brazil

As the largest and most populous country in South America, Brazil plays an important role in the Mercosur trade bloc. As a member of Mercosur, Brazil benefits from increased market access and trade opportunities with other member countries. This trade agreement encourages economic cooperation and promotes growth within the Brazilian economy.

One of the most important benefits for Brazil as a member of Mercosur is the facilitation of its exports, particularly in the agricultural sector. Brazil is a major producer of commodities such as soybeans, beef, poultry and coffee. Through Mercosur, Brazil enjoys easier access to the markets of other member countries, allowing for increased export volumes and better terms of trade.

We’ve completed this Dica about Mercosur. Now you have learned a little bit more about Brazil and its politics.

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Click on the links below to see more related Dicas
Brazil Politics
John VI of Portugal
War in Portuguese
Brazil and Religion

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