The eu is mercosurs number one trade and investment partner. The free movement of goods, services and factors of production between countries through, inter alia, the elimination of customs duties and nontariff restrictions on the movement of goods, and any other equivalent measures. Mercosur in spanish, mercosul in portuguese, or nemby nemuha in guarani, officially southern common market, is a south american trade bloc established by the treaty of asuncion in 1991 and protocol of ouro preto in 1994. What are the main strengths and weaknesses of unasur and. Humberto molina, asesor secretaria general, unasur. Unasur was conceived in an agreement dating back to 2004 that sought to promote regional integration by bringing together members of mercosur and the andean community of nations. Mercosur and unasur member countries have taken additional important steps toward convergence since 2014, when mercosurs highest governing body adopted cmc decision 32, which allows initiatives pursued by either collective to be binding on both if they arise from a set of goals and objectives common to both. Andean community, rio group, or aladi generated friction both. Chile, ecuador, guyana, paraguay, peru, suriname, uruguay y venezuela. Latin america, regional integration, mercosur, unasur, xxi century. The then brazilian defense minister, nelson jobim, said in april 2008 that the council would be formed after the political decision of the presidents who participated in the launch of the union of south american nations unasur on 23 may 2008.
Primer trabajo del mercosur, por david piedrabuena. Comunidad andina mercosur organization of american states. The eu is mercosurs second biggest trade in goods partner, accounting for 20. In may 2008, leaders from 12 south american countries inked the constitutive treaty to create unasur with the goal of enhancing regional economic and political. The eus exports to the four mercosur countries totalled 45 billion in 2018. Convergencia entre mercosur, comunidad andina y chile. Mercosur is a form of economic integration as such. A look into the regional integration at the beginning of.
What are the main strengths and weaknesses of unasur and mercosur in terms of regional integretion. Ignoring mercosur and unasur at your peril aula blog. Mercosur y unasur relaciones internacionales politica. The project was extensively discussed throughout 2008.