MERCOSUR finals

Question 0

When

Answer 0

Founded in 1991 with the signing of the Treaty of Asuncion

Question 1

MERCOSUR means

Answer 1

Mercado Comun Del Sur

Southern Common Market

Question 2

Members

Answer 2

Argentina
Brazil
Paraguay
Uruguay
Venezuela

Question 3

Objectives

Answer 3

Free movement of goods and services

Common external tariff and adoption of a common trade policy regarding non member states

Coordination of macroeconomic and sectoral policies of member states

Commitment by the member states to the strengthening of the integration process

Question 4

Benefits

Answer 4

Free movement of goods and services between and among members

Common external tariff

Agreements of currency exchange, investment, tax issues and educational exchanges

Free residence area

Passports carrying mercosur’s emblem

Democracy clause

Question 5

Structure

Answer 5

Common market council

Common market group

Trade commission

Mercosur Parliament

Structural convergency fund

Question 6

Challenges and controversies

Answer 6

Lack of greater market openness and internal cooperation

Rivalry among member states

Question 7

Why there is lack of greater market openness and internal cooperation?

Answer 7

Member states are not allowed to negotiate bilateral trade agreements individually

They clash of interests

Question 8

Why there is rivalry among member states?

Answer 8

Paraguay versus venezuela

Question 9

Mercosur and Phl Relations

Answer 9

Asean-mercosur ministerial meeting

Bilateral agreement with Brazil (Sports Cooperation)

Phl- Argentina joint Technical working Group on Technical Cooperation

Phl-venezuela on tourism cooperation