Common Market of the South special email list finally culminated. At the summit in Osaka, the merger of the two regional alliances was announced as creating the world's largest free trade area. However, the agreement was probably driven special email list less by trade than by geopolitics: between US protectionism and Chinese expansion, both blocs are trying to position themselves strategically in the world market. However, the European Union has special email list so far squandered the opportunity to set sustainable alternative standards in the midst of global crises.
Mercosur-European special email list Union relations Mercosur was established in through an agreement signed by Brazil, Argentina, Uruguay and Paraguay and today has Bolivia, Chile, Peru, Colombia and Ecuador as associated states special email list the full membership of Venezuela, which joined the bloc in , was permanently suspended in . The project, which provided for free internal trade and common external tariffs and was special email list complemented by democratic control bodies such as the Parlasur regional parliament was clearly inspired by the.
European model special email list Mercosur has always suffered from economic asymmetries between the countries, Brazil and Argentina, on the one hand, and their small neighbors, on the other. The tensions between the two giants and the special email list resulting nationalisms also hampered the achievement of the proposed integration goals: To date, only an incomplete customs union has been achieved and an autonomous mandate has never been granted to institutions such as the Common Market Council and Parlasur. However, intra-regional special email list trade increased markedly, especially during the first decade.