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Presidents of Venezuela, Hugo Chavez Argentina, Cristina Fernandez de Kirchner Brazil, Luiz Inacio Lula da Silva after a private meeting at the 35th Mercosur summit Argentine province of Tucuman, July 1, 2008.
Tags: San-Miguel-de-Tucuman Mercosur-35th-Summit
Mercosur: Argentina, Brazil, Paraguay and Uruguay Mercosur is a Regional Trade Agreement (RTA) among Argentina, Brazil, Paraguay and Uruguay founded in 1991 by the Treaty of Asunción, later amended and updated by the 1994 Treaty of Ouro Preto. Its purpose is to promote free trade and the fluid movement of goods, people, and currency. Bolivia, Chile, Colombia, Ecuador and Peru currently have associate member status. Venezuela signed a membership agreement on 17 June 2006, but before becoming a full member its entry has to be ratified by the Paraguayan and the Brazilian parliaments. The founding of the Mercosur Parliament was agreed at the December 2004 presidential summit. It should have 18 representatives from each country by 2010.
