Mercosur

República Bolivariana de Venezuela Ministerio de Educación Superior universidad Alejandro de Humboldt

MERCOSUR

MERCOSUR The southern common market in Latino America. Representing a total population of 190 million individuals and covering more than 12 millions square kilometers. Thanks to the common political social and economical agreements among the countries of, Argentina, Uruguay, Paraguay and Brazil signed on the 26th of March in 1991.

BACKGROUND Mercosur was created after two firts regional integrations treaties that created Latin America free frade association (ALALC) signed in 1960, and the Latin America Integrations association (ALADI) created in 1990. The ALALC despite its having stimulated mutual trading between member states, the distance between its original objectives and the results obtainet was very great. The ALADI thus made possible agreements and joint actions between countries in the region which until then had only limited previous ties. The establishment of a common market, however, was still the

Under the ALADI system Brazil and Argentina signed in 1986 twelve commercial protocols. To supplement and improve on their former ents, Brazil and Argentina signed in 1988 a Treaty for Integration, Cooperation and Development for in ten years old the elimination of all tariff barriers and harmonization of the macroeconomic policies of both nations. It was further established that this agreement would be open to all other Latin American countries. After the adhesion of Paraguay and Uruguay a new treaty was signed by all four countries on March 26, 1991 In Asuncion, Paraguay, providing for the creation of a common market among the four participants, President pro tempore is Carlos Álvarez

OBJECTIVES OF MERCOSUR. The basic objective of The Common Market is the one to increase to the degree of efficiency and competitiveness of the involved economies extending the present dimensions of its markets and accelerating its economic development by means of the effective advantage of the resources available. The preservation of the environment, the improvement of the communications, the coordination of the macroeconomic policies and the complementing of the different sectors from its economies. On the other hand, the conformation of a common market is an answer adapted to the consolidation of great economic spaces in the world and the necessity to obtain a suitable international insertion.

STRUCTERE OF THE MERCOSUR

HOW IT BENEFITS TO VENEZUELA ITS ENTRANCE TO THE MERCOSUR.