Mercosur

British  

/ ˈmɜːkəˌsə /

noun

1. a trading block composed of Argentina, Brazil, Paraguay, Uruguay, and Venezuela, with associate members Bolivia, Chile, Colombia, Ecuador, and Peru; superceded in 2008 by the Union of South American Nations (Unasur or Unasul), by uniting with the Andean Community

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Etymology

Origin of Mercosur

C20: from Spanish Mercado Común del Cono Sur common market of the southern cone

Example Sentences

The European Union's parliament voted on Wednesday to refer a freshly signed trade deal with South American bloc Mercosur to the EU's top court, casting the hard-fought accord into legal limbo.

From Barron's

The head of German auto industry group VDA decried the EU parliament's decision, saying it sent a "devastating sign" and risked irking Mercosur countries.

From Barron's

Parliament will now wait for the court's opinion before holding a vote on whether to approve the Mercosur deal -- a necessary step for it to fully come into force.

From Barron's

Members of the European Parliament on Wednesday narrowly voted to send the bloc’s deal with Mercosur countries Argentina, Brazil, Paraguay and Uruguay to the Court of Justice of the EU for a judicial review.

From The Wall Street Journal

The vote is a setback for the commission, which has negotiated the Mercosur pact on and off for roughly 25 years.

From The Wall Street Journal