Subject (Course): The MERCOSUR (Southern Common Market). Syllabus:
- Introduction to the MERCOSUR (Southern Common Market)
- Treaty of Asuncion.
- Administrative Secretariat.
- New institutional phase.
- The MERCOSUR political, economic, and commercial.
- The MERCOSUR's countries: Argentina, Brazil, Paraguay, and Uruguay.
- Incorporation of Venezuela and Bolivia (accession
- The Common External Tariff of the MERCOSUR
- The Regime of Origin (ROM) of the MERCOSUR.
- Businessperson of the MERCOSUR:
- Antonio Moraes
- João Marinho
- MERCOSUR Free Trade Agreements (FTA)
Objectives of the subject “MERCOSUR” are to:
- Understand the aims (regional integration, socio-economic
development) and the organisational structure of the MERCOSUR
- Analyse the impact of the MERCOSUR on the economy and regional
trade among the member countries
- Understand the implications of the new incorporations of Venezuela and Bolivia to the MERCOSUR
- Analyse the common external tariff, the common classification
and the rules of origin of the MERCOSUR
- Evaluate the free movement and intra-MERCOSUR trade
- Know MERCOSUR's Free Trade Agreements
Sample of the subject- the MERCOSUR
Subject Description- MERCOSUR (Southern Common Market).
The MERCOSUR was created by Argentina, Brazil, Paraguay, and Uruguay in 1991 with the signing of the Treaty of Asuncion.
- Venezuela joined the MERCOSUR in 2012.
- The Asuncion Treaty is based on the doctrine of the reciprocal rights and obligations of the MERCOSUR's member economies.
- The MERCOSUR (Southern Common Market -
America) is the fifth-biggest economic bloc in the World with a gross domestic product of 1.989 billion dollars and a population of 295 million.
Brazil is the largest economy (79% of the gross domestic product of the MERCOSUR), followed by Argentina (18%).
The MERCOSUR is a Christian economic bloc with a large Catholic majority.
- Paraguay was suspended off the MERCOSUR in 2012 to 2013
- In 2006, it was signed the Protocol of Accession of Venezuela to the MERCOSUR. Venezuela is a member of the MERCOSUR since 2012. The entry of Venezuela to the bloc will occur gradually.
- Bolivia: Adhesion of the Bolivarian Republic of Venezuela to Southern Common Market
- Associate members of the Southern Common Market are Bolivia, Chile, Colombia, Ecuador, and Peru.
- Observer country: Mexico.
Objectives of the MERCOSUR (Southern Common Market).
- Free transit of products, services, and factors between the member economies in the MERCOSUR
- Fixing of a common external tariff and adopting of a common international trade policy
- Coordination of macroeconomic and sectoral policies of Member States relating to foreign trade, agriculture, industry, taxes, monetary system, exchange and capital, trade in services, customs, international transport, and communications
- Engagement by the members of the MERCOSUR to make the necessary adjustments to their laws in relevant areas to allow for the strengthening of the integration process.
MERCOSUR's Free Trade Agreements (FTA): Chile, the Andean Community, Chile, Mexico, Peru, India, Egypt, Israel, and the European Union.
The European Union-MERCOSUR relationship is based on the European Union-MERCOSUR Interregional Cooperation Framework
Agreement signed in 1995 in Madrid between
the European Union and its member economies and the MERCOSUR and its Party States. The European Union is the largest trade partner of the MERCOSUR and the biggest foreign investor in the region.
The Intra-MERCOSUR trade tariff is 0%, and a common external tariff applies to trade with non-MERCOSUR countries.
A Preferential Trade Agreement with India is in place, a free trade agreement with Israel is awaiting
Congress' approval, and different International Trade Agreements are under negotiation with the Southern African Customs Union (SACU), the countries of the Gulf Cooperation Council (GCC), and Morocco.
Customs of Brazil
The MERCOSUR belongs to the Latin American Economic Area of the Western Christian Civilisation.
❮ Samples - MERCOSUR ❯