The Southern Common Market (Mercosur)

The Southern Common Market, known as Mercosur, is a regional trade bloc in South America founded in 1991. It includes countries like Argentina, Brazil, Paraguay, and Uruguay, aimed at promoting economic cooperation and free trade among its members. Mercosur seeks to remove tariffs and trade barriers, allowing for easier movement of goods, services, and people across borders. Over time, it has also focused on political dialogue and regional integration, fostering closer ties between member nations and enhancing economic growth in the region.