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Mercosur

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The Mercosur came into existence when Argentina, Brazil, Paraguay and Uruguay signed the Treaty of Asuncion in March of 1991. Its goal was to create a common market and customs union between the four participating countries. It was modeled on various forms of economic co-operation that had been taking place between Argentina and Brazil since 1986. A transition phase began in 1995 and was scheduled to last until 2006. In 1996, association agreements were signed with Chile and Bolivia including them in the free trade relationship. The six countries also created a common mechanism for political consultations which was formalized in 1998 in which Argentina, Brazil, Paraguay and Uruguay along with Bolivia and Chile participate as full members of the Political Mercosur (Mercosur, 2004).

Recent History: According to the CIA World Factbook online, Venezuela continues to be highly dependent on the petroleum sector, which accounts for roughly one-third of

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Some common words found in the essay are:
Mercosur Venezuela, World Factbook, Asuncion March, Chile Bolivia, Argentina Brazil, Retrieved Mar, President Chavez, COOPERATION Web, Mercosur Mercosur, Relations Web, common market, retrieved mar, 10 2005, web site, mercosur membership, argentina brazil, retrieved mar 10, mar 10 2005, mar 10, 2004 retrieved mar, economy include, 2004 retrieved, paraguay uruguay, brazil paraguay uruguay, 10 2005 venezuela,
Approximate Word count = 664
Approximate Pages = 3 (250 words per page)

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