English version

Mercosur

From Longman Dictionary of Contemporary EnglishMercosurMercosur  a trade association (=group of countries that have trade agreements with each other) consisting of Argentina, Brazil, Paraguay, and Uruguay, which was started in 1991 in order to encourage trade and reduce import taxes between these countriesFrom Longman Business DictionaryMercosurMer‧co‧sur /ˈmɜːkəʊsjʊəˈmɜːrkoʊsʊr/ noun a trade association consisting of Argentina, Brazil, Paraguay, and Uruguay, founded in 1991 to encourage trade, reduce import taxes etc between each country see also Andean Pact
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