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Q73 (CDS-II/2015) International Relations & Global Affairs › International Organisations & Groupings › International trade regimes Answer Verified

Which one of the following is not a member of MERCOSUR (Southern Common Market)?

Result
Your answer: —  Â·  Correct: D
Explanation

MERCOSUR (Southern Common Market) was established in 1991 by the Treaty of Asunción. Its founding and full members are Argentina, Brazil, Paraguay, and Uruguay [1]. While Venezuela joined in 2012, it was suspended from the bloc in 2017 [1]. Bolivia recently became a full member in July 2024. Chile, however, is classified as an associate member rather than a full member [1]. Associate members like Chile participate in trade agreements and can attend meetings but do not have full voting rights or belong to the customs union. Therefore, among the given options, Chile is the only country that is not a full member of MERCOSUR. The bloc aims to facilitate the free movement of goods, services, and factors of production among its member states.

Sources

  1. [1] https://www.trade.gov/country-commercial-guides/argentina-trade-agreements
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