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COMMON MARKET SOUTHERN CONE [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2004-01-26

English

Subject field(s)
  • Intergovernmental Bodies and Committees
  • Trade
DEF

Trading Union comprised of the following countries: Argentina, Brazil, Paraguay and Uruguay, designed to promote free trade, a common customs policy in relation to other countries and a coordinated economic policy especially in key sectors. Created in 1991 by the Asunción Treaty.

OBS

Founded in March 1991 by the Treaty of Asunción between Argentina, Brazil, Paraguay and Uruguay which commits the signatories to the progressive reduction of tariffs culminating in the formation of a common market of 1 Jan. 1995. The member states' foreign ministers form a council responsible for political questions, the chairmanship of which takes decisions by consensus. There is an arbitration tribunal whose decisions are binding on member countries.

OBS

The combined form of the countries resembles an ice-cream cone.

OBS

Mercosur: term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.

Key term(s)
  • Southern Cone Market
  • Southern Common Market
  • Common Market of the Southern Cone

French

Domaine(s)
  • Organismes et comités intergouvernementaux
  • Commerce
DEF

Union douanière entre l'Argentine, le Brésil, le Paraguay et l'Uruguay pour favoriser la libre circulation des marchandises, l'application d'une politique douanière commune, ainsi que l'établissement de politiques économiques dans des secteurs clés.

OBS

Mercosur : terme extrait du CAPITAL Business Dictionary et reproduit avec l'autorisation de LID Editorial Empresarial.

Key term(s)
  • marché commun du cone austral
  • Marché commun du sud

Spanish

Campo(s) temático(s)
  • Organismos y comités intergubernamentales
  • Comercio
DEF

Unión aduanera formada por Argentina, Brasil, Paraguay y Uruguay que favorece el libre comercio entre ellos, una política arancelaria común frente a países terceros y la coordinación de políticas económicas especialmente en ciertos sectores claves. Se creó en 1991 por el Tratado de Asunción.

OBS

Mercosur; Mercado Común del Sur: términos y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

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