1. MERCOSUR Joaquin Romero Marcelo Moran

2. Background  Mercado Comun del Sur (Common Market of the South)  Custom Union: Brazil, Argentina, Paraguay, Uruguay, and Venezuela (pending)  Biggest Trade Block in South America and 4 th Worldwide

3. Origins  Treaty signed on March 26 th 1991 by Brazil, Argentina, Paraguay and Uruguay  Treaty of Asuncion  Supplemented Brazil and Argentinas already established Treaty of Buenos Aires.  Venezuela signed agreement June 17 2006 (pending)

4. Objectives  Free Transit amongst members  Elimination of Custom Rights  TEC: Common External Tariffs  World Economic Power

5. MERCOSUR Population  Brazil makes up 80% of MERCOSUR population (191,241,714)  Argentina (40,482,000) Venezuela (26,414,826) Paraguay (6,821,306) Uruguay (3,477,780)  Over 268 billion population combined

6. MERCOSUR and Latin America  50% of Latin Americas GDP  43 % of Population  59 % of Land Mass  50 % of its Industrial Production  33% of total Foreign Trade

7. Immigration  Brazil  Temporary Residency  Members and Associates  Criminal Record  Registration Fees  Passport  Permanent Residency  2 years for eligibility

8. The Venezuela Issue  Brazil  2 Year delayed acceptance  Itaipu treaty  Brazil will benefit from Venezuela’s resources  Paraguay  Acceptance yet to be ratified  Pressure on Fernando Lugo  Political stress in Paraguay

9. Trade in Goods in the World

10. Trade by Product

11. Trade in Commercial Services

12. Foreign Direct Investment

13. Mercosur trade with EU

14. Mercosur Member’s GDP

15. Uruguay’s GDP

16. Paraguay’s GDP

17. MERCOSUR EFFECTS  Stimulated cooperation among his members  Renegotiaton of Debt  Signed a host of bilateral agreements  Supply of Oil  Banco del SUR

18. Conclusions  UNASUR  Union of South American Nations  Signed by Mercosur members  Originally signed in 2004  European Union  Brazil has benefited the most in MERCOSUR  MERCOSUR against FTAA