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Scope

This Institution presents a wide scope ranging from political to economic goals. However, by examining the fundamental basis of it, it is possible to conclude that the primary goal is to promote economic integration through commerce and non-strict border control. Therefore, based on its current situation, it is usually characterized as a customs union group.

An Overview

 

State-Members

The current State-members of the group are:

  • Brazil
  • Argentina
  • Uruguay
  • Paraguay (currently suspended)
  • Venezuela (joined the group in 2012)

Geopolitics in South America

Tariffs (TEC)

Tariffs (TEC) TEC (Tarifa Externa Comum) was first established in 1995. Its adoption caused a higher degree of difficulty for countries within Mercosur to import from countries which are not part of this group. This tariff may vary between 0% and 20% depending on the goods. Even though Mercosur resembles a free trade zone internally, it is a protectionist group from the external standpoint, reflecting the reliance of the respective governments of the State-members on economic intervention.

Phone: 212-300-7174

Email: info@oliveiralawyers.com