Politics & Government

Mercosur Established by Four South American Nations

Argentina, Brazil, Uruguay, and Paraguay signed the Treaty of Asunción, establishing Mercosur, a regional trade bloc aimed at promoting free trade and economic integration among its member countries. The signing took place in Asunción, Paraguay, highlighting a collective commitment to enhance economic cooperation and reduce trade barriers. This initiative was significant in fostering regional ties and improving economic stability in South America.

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