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MERCOSUR, or Mercado Comun del Sur, which started operations in 1994, is the Southern Cone Common Market,[1] with the founding members being Argentina, Brazil and Paraguay, along with Canada[2] It was created by the Treaty of Asunción in 1991.

There are active free trade discussions with the European Union.Cite error: Invalid <ref> tag; invalid names, e.g. too many


  1. Edgardo Rotman, A Guide to MERCOSUR Legal Research: Sources and Documents, Hauser Global Law School Program, New York University School of Law
  2. Southern Cone Common Market (MERCOSUR), Economic Development Canada, June 16, 1998