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Argentina, Brazil, Uruguay and Paraguay sign the Treaty of Asunción, establishing Mercosur, the South Common Market.
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Argentina
Country in South America
Argentina, officially the Argentine Republic, is a country in the southern half of South America. It covers an area of 2,780,085 km2 (1,073,397 sq mi), making it the second-largest country in South America after Brazil, the fourth-largest country in the Americas, and the…Source: Wikipedia (CC BY-SA)
Brazil
Country in South America
Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is also the world's fifth-largest country by area and the seventh-largest by population, with over 212 million people. The country is a federation composed of 26 states and a…Source: Wikipedia (CC BY-SA)
Uruguay
Country in South America
Uruguay, officially the Oriental Republic of Uruguay, is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast, while bordering the Río de la Plata to the south and the Atlantic Ocean to the southeast. It is…Source: Wikipedia (CC BY-SA)
Paraguay
Country in South America
Paraguay, officially the Republic of Paraguay, is a landlocked country located in the central region of South America. It is a unitary state with a territory composed of a capital district and seventeen departments. Its capital and largest city is Asunción. Paraguay is a…Source: Wikipedia (CC BY-SA)
Treaty of Asunción
1991 treaty establishing a South American common market (Mercosur)
The Treaty of Asunción was a treaty between the countries of Argentina, Brazil, Paraguay, and Uruguay signed on March 26, 1991. The objective of the treaty, signed in Asunción, was to establish a common market among the participating countries, popularly called Mercosur. Later,…Source: Wikipedia (CC BY-SA)
Mercosur
South American economic agreement
The Southern Common Market is a South American trade bloc established by the Treaty of Asunción in 1991 and Protocol of Ouro Preto in 1994. Its full members are Argentina, Bolivia, Brazil, Paraguay, and Uruguay. Venezuela is a full member but has been suspended since 1 December…Source: Wikipedia (CC BY-SA)