Southern Common Market

Southern Common Market in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of Southern Common Market: Mercado Common del Sur (MERCOSUR) or Mercado Comum do Sui (MERCOSUL). A common market including Argentina, Brazil, Paraguay, and Uruguay. The agreement was signed in March 1991; it is to be fully implemented by December 1994 for Argentina and Brazil, and by December 1995 for Paraguay and Uruguay.