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Brazil, Paraguay, Uruguay, and Venezuela, with associate members Bolivia, Chile, Colombia, Ecuador, and Peru; superceded in 2008 by the Union of South American Nations (Unasur or Unasul), by uniting with the Andean Community

---

Etymology

Origin of Mercosur

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

Example Sentences

Brazil's Senate on Wednesday ratified a deal between the Mercosur bloc and the European Union that creates one of the world's largest free trade areas.

From Barron's

On the European side, Spain and Germany are in favor of the pact, which will benefit exports of machinery and spirits to the Mercosur bloc.

From Barron's

The deal will provisionally apply to the Mercosur countries that have ratified it, Gill told reporters, adding the commission anticipated remaining members Brazil and Paraguay would do so "soon".

From Barron's

The deal with four of the Mercosur customs union founders Argentina, Brazil, Paraguay and Uruguay will be applied on a provisional basis, said European Commission President Ursula von der Leyen, head of the EU’s executive arm.

From The Wall Street Journal

The deal between the EU and the four founding members of the Mercosur bloc -- Argentina, Brazil, Paraguay and Uruguay -- was a quarter century in the making.

From Barron's