TERMIUM Plus®

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COMMON MARKET COUNCIL [1 record]

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Record 1 2007-05-07

English

Subject field(s)
  • International Bodies and Committees
  • Foreign Trade
  • International Relations
OBS

The highest organ of MERCOSUR is the Council of the Common Market (CMC), in charge of the political aspects of the integration process. It is a decision-making body which seeks to assure the fulfilment of the objectives established by the Treaty of Asunción and the final implementation of the common market. It convenes at least once every six months and consists of the Ministers of Foreign Affairs and the Ministers of the Economy of the Parties, or their equivalents.

Key term(s)
  • Common Market Council

French

Domaine(s)
  • Organismes et comités internationaux
  • Commerce extérieur
  • Relations internationales
OBS

Quant à la structure organisationnelle ou administrative du MERCOSUR prévue au chapitre II, elle reposait au départ sur deux instances : le Conseil du Marché commun (CMC) qui est l'instance de coordination et le Groupe du Marché commun (GMC) qui est l'instance exécutive. Le Conseil se compose des présidents ainsi que des ministres de l'Économie (ou des Finances) et des Affaires étrangères de chaque pays. La présidence se fait, par alternance, tous les six mois. Le groupe voit à l'exécution des dispositions du Traité et des décisions du Conseil. Le siège social du Groupe est à Montevideo (Uruguay).

Spanish

Campo(s) temático(s)
  • Organismos y comités internacionales
  • Comercio exterior
  • Relaciones internacionales
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