MERCOSUR
Organizations & Companies abbreviation · International Organization
| Stands for | Southern Common Market |
|---|---|
| Categories | Organizations & Companies |
MERCOSUR stands for Southern Common Market, an international organization abbreviation.
South American trade bloc, Mercado Común del Sur, founded by Argentina, Brazil, Paraguay and Uruguay to create a customs union with a common external tariff. Bolivia became a full member in 2024.
Example: Negotiators announced that the EU-MERCOSUR trade talks had concluded.
Usage notes
It was created by the Treaty of Asunción in 1991, and its administrative secretariat is in Montevideo. Venezuela was suspended in 2016. Negotiations on a trade agreement with the European Union, begun in 1999, concluded in December 2024, though ratification faced opposition from farmers in some EU countries. In Portuguese it is Mercosul.
Related abbreviations
More international organization abbreviations
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- IOM – International Organization for Migration
- IPCC – Intergovernmental Panel on Climate Change
- ISO – International Organization for Standardization
- ITU – International Telecommunication Union
- IUCN – International Union for Conservation of Nature
- NAFTA – North American Free Trade Agreement
- NAM – Non-Aligned Movement
- NATO – North Atlantic Treaty Organization
- OAS – Organization of American States
- OAU – Organisation of African Unity
- OCHA – United Nations Office for the Coordination of Humanitarian Affairs