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Which one of the following countries is not a member of the 'Mercosur' organisation? A Paraguay B Brazil C Venezuela D Mexico
Dear student Mercosur was founded in 1991 with the signing of the Treaty of Asuncion. That accord brought Argentina, Brazil, Paraguay, and Uruguay into a customs union with the ultimate goal of a common market. Recently Mercosur has suspended Venezuela for failing to meet its basic standards.
Born out of a series of economic cooperation agreements between Argentina and Brazil after their diplomatic rapprochement in the 1980s, Mercosur was founded in 1991 with the signing of the Treaty of Asuncion. That accord brought Argentina, Brazil, Paraguay, and Uruguay into a customs union with the ultimate goal of a common market. Recently Mercosur has suspended Venezuela for failing to meet its basic standards.
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