Southern Common Market

The Southern Common Market, known as Mercosur, is a regional trade bloc in South America, established in 1991. It includes countries like Argentina, Brazil, Paraguay, and Uruguay, focusing on promoting free trade, economic integration, and cooperation among its members. Mercosur aims to enhance economic growth by reducing tariffs and barriers to trade among member countries, making it easier for them to exchange goods and services. Additionally, it fosters political dialogue and social development within the region, contributing to greater stability and collaboration among South American nations.