Ignoring mercosur and unasur at your peril aula blog. The eu is mercosurs number one trade and investment partner. What are the main strengths and weaknesses of unasur and. Comunidad andina mercosur organization of american states. Mercosur y unasur relaciones internacionales politica.
The free movement of goods, services and factors of production between countries through, inter alia, the elimination of customs duties and nontariff restrictions on the movement of goods, and any other equivalent measures. Mercosur in spanish, mercosul in portuguese, or nemby nemuha in guarani, officially southern common market, is a south american trade bloc established by the treaty of asuncion in 1991 and protocol of ouro preto in 1994. The project was extensively discussed throughout 2008. Latinoamerica, integracion regional, mercosur, unasur, siglo xxi.
A look into the regional integration at the beginning of. Primer trabajo del mercosur, por david piedrabuena. The then brazilian defense minister, nelson jobim, said in april 2008 that the council would be formed after the political decision of the presidents who participated in the launch of the union of south american nations unasur on 23 may 2008. Humberto molina, asesor secretaria general, unasur. By thomas andrew okeefe pundits who dismiss mercosur and the union of south american nations unasur as failed attempts at latin american economic integration should look again. Convergencia entre mercosur, comunidad andina y chile. Mercosur and unasur member countries have taken additional important steps toward convergence since 2014, when mercosurs highest governing body adopted cmc decision 32, which allows initiatives pursued by either collective to be binding on both if they arise from a set of goals and objectives common to both.
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