mercosur joaquin romero marcelo moran. background mercado comun del sur (common market of the...
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MERCOSURMERCOSUR
Joaquin RomeroJoaquin Romero
Marcelo MoranMarcelo Moran
BackgroundBackground
Mercado Comun del Sur (Common Market of the Mercado Comun del Sur (Common Market of the South)South)
Custom Union: Brazil, Argentina, Paraguay, Uruguay, Custom Union: Brazil, Argentina, Paraguay, Uruguay, and Venezuela (pending)and Venezuela (pending)
Biggest Trade Block in South America and 4Biggest Trade Block in South America and 4thth WorldwideWorldwide
OriginsOrigins
Treaty signed on March Treaty signed on March 2626thth 1991 by Brazil, 1991 by Brazil, Argentina, Paraguay and Argentina, Paraguay and UruguayUruguay
Treaty of Asuncion Treaty of Asuncion Supplemented Brazil and Supplemented Brazil and
Argentinas already Argentinas already established Treaty of established Treaty of Buenos Aires.Buenos Aires.
Venezuela signed Venezuela signed agreement June 17 2006 agreement June 17 2006 (pending)(pending)
ObjectivesObjectives
Free Transit amongst Free Transit amongst membersmembers
Elimination of Elimination of Custom RightsCustom Rights
TEC: Common TEC: Common External TariffsExternal Tariffs
World Economic World Economic PowerPower
MERCOSUR PopulationMERCOSUR Population
Brazil makes up 80% of MERCOSUR Brazil makes up 80% of MERCOSUR population (191,241,714)population (191,241,714)
Argentina (40,482,000) Venezuela Argentina (40,482,000) Venezuela (26,414,826) Paraguay (6,821,306) (26,414,826) Paraguay (6,821,306) Uruguay (3,477,780) Uruguay (3,477,780)
Over 268 billion population combinedOver 268 billion population combined
MERCOSUR and Latin MERCOSUR and Latin AmericaAmerica
50% of Latin 50% of Latin Americas GDP Americas GDP
43 % of Population43 % of Population 59 % of Land Mass59 % of Land Mass 50 % of its Industrial 50 % of its Industrial
ProductionProduction 33% of total Foreign 33% of total Foreign
TradeTrade
ImmigrationImmigration
BrazilBrazil Temporary ResidencyTemporary Residency
Members and AssociatesMembers and Associates Criminal RecordCriminal Record Registration FeesRegistration Fees PassportPassport
Permanent ResidencyPermanent Residency 2 years for eligibility2 years for eligibility
The Venezuela IssueThe Venezuela Issue
BrazilBrazil 2 Year delayed acceptance 2 Year delayed acceptance Itaipu treatyItaipu treaty Brazil will benefit from Venezuela’s resourcesBrazil will benefit from Venezuela’s resources
ParaguayParaguay Acceptance yet to be ratifiedAcceptance yet to be ratified Pressure on Fernando LugoPressure on Fernando Lugo Political stress in ParaguayPolitical stress in Paraguay
Trade in Goods in the Trade in Goods in the WorldWorld
Trade by ProductTrade by Product
Trade in Commercial Trade in Commercial ServicesServices
Foreign Direct Foreign Direct InvestmentInvestment
Mercosur trade with EUMercosur trade with EU
Mercosur Member’s GDPMercosur Member’s GDP
Uruguay’s GDPUruguay’s GDP
Paraguay’s GDPParaguay’s GDP
MERCOSUR EFFECTSMERCOSUR EFFECTS
Stimulated cooperation among his Stimulated cooperation among his membersmembers Renegotiaton of DebtRenegotiaton of Debt Signed a host of bilateral agreementsSigned a host of bilateral agreements Supply of OilSupply of Oil Banco del SURBanco del SUR
ConclusionsConclusions
UNASURUNASUR Union of South American NationsUnion of South American Nations Signed by Mercosur membersSigned by Mercosur members Originally signed in 2004Originally signed in 2004 European UnionEuropean Union
Brazil has benefited the most in MERCOSURBrazil has benefited the most in MERCOSUR MERCOSUR against FTAAMERCOSUR against FTAA