Mercosur

Mercosur, or the Southern Common Market, is a regional trade bloc in South America that includes countries like Argentina, Brazil, Paraguay, and Uruguay. Established in 1991, its primary goal is to promote free trade and economic integration among its member states. This means reducing tariffs and allowing for easier movement of goods, services, and people between these countries. Mercosur also seeks to coordinate economic policies and enhance political dialogue among its members, fostering cooperation and regional stability in South America.