page_title: Mercosur
section_title: FTA with third parties
hierarchical_section_title: Mercosur / FTA with third parties
caption_attribution_description: Português: Placas de veículos dos países que compõe o MERCOSUL.
context_page_description: Mercosur, Mercosul, or Ñemby Ñemuha, officially Southern Common Market, is a South American trade bloc established by the Treaty of Asunción in 1991 and Protocol of Ouro Preto in 1994. Its full members are Argentina, Brazil, Paraguay and Uruguay. Venezuela is a full member but has been suspended since 1 December 2016. Associate countries are Bolivia, Chile, Colombia, Ecuador, Guyana, Peru and Suriname.
  Mercosur's origins are linked to the discussions for the constitution of a regional economic market for Latin America, which go back to the treaty that established the Latin American Free Trade Association in 1960, which was succeeded by the Latin American Integration Association in the 1980s. At the time, Argentina and Brazil made progress in the matter, signing the Iguaçu Declaration, which established a bilateral commission, which was followed by a series of trade agreements the following year. The Integration, Cooperation and Development Treaty, signed between both countries in 1988, set the goal of establishing a common market, to which other Latin American countries could join.
context_section_description: With the 2005 cooperation agreement with Mercosur, the Andean Community gained four new associate members: Argentina, Brazil, Paraguay, and Uruguay. These four Mercosur members were granted associate membership by the Andean Council of Foreign Ministers meeting in an enlarged session with the Commission (of the Andean Community) on 7 July 2005. This move reciprocates the actions of Mercosur, which granted associate membership to all the Andean Community nations by virtue of the Economic Complementarity Agreements (Free Trade Agreements) signed between the CAN and individual Mercosur members.
  Mercosur signed free trade agreements with Israel in December 2007, with Egypt in August 2010, the State of Palestine in December 2011 and Lebanon on 18 December 2014.
  In 2016, Brazilian presidents, Dilma Rousseff and later Michel Temer, along with Argentine President Macri began to place pressure to negotiate a free trade agreement between Mercosur and the European Union and other Latin American nations. In June 2019, the European Union–Mercosur Free Trade Agreement was confirmed. The bilateral trade deal opens 100 percent of EU trade and 90 percent of Mercosur trade. The deal still needs to be ratified, however.
caption: Mercosur common plates, in use since January 2016
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