 | | It is the common market formed by Argentina, Brazil, Paraguayand Uruguay. Chile has recently joined as a commercial member, andBolivia will soon join with the same status.
The combined population of the four countries is 200 millionand the total GDP is approximately US$ 900 billion.
MERCOSUR's territory covers nearly 12 millon Km2(4.6 millon mi2) and compromises approximately70 percent of the total land mass of South America, stretchingfrom the tropical jungles of northern Brazil to the subantarctic zone ofArgentina.
A wide zone includes some of the world's most importantagricultural and mineral resources.
This wide variety of topographies, climates, and resources providessubstantial opportunities for expansion and complementation in production.
Since January, 1995, a common external tariff has been established,and most products enjoy total free trade inside the MERCOSUR. |
