What Does MERCOSUR Stand For?

MERCOSUR stands for Southern Common Market South America

MERCOSUR, or the Southern Common Market, is a regional trade bloc in South America that was established in 1991. It aims to promote economic integration, free trade, and the movement of goods, services, and people among its member countries, which include Argentina, Brazil, Paraguay, and Uruguay, with Bolivia in the process of becoming a full member. MERCOSUR facilitates cooperation in various areas, including trade, customs, and governance, and plays a significant role in the economic development and political relations of its member states.