Mercosur: Reyhan Yerlikaya Nur Eylül Buse Çoban
Mercosur: Reyhan Yerlikaya Nur Eylül Buse Çoban
REYHAN YERLİKAYA
NUR EYLÜL BUSE ÇOBAN
OUTLINE
In 1980, they resigned second Montevideo Treaty and the ALALC was
transformed Latin American Integration Association (ALADI).
Towards the end of the 20th century, bilateral trade agreements proliferated
among future MERCOSUR members.
In 1991, with these bilateral agreements were signed the Asuncion Treaty and
they established MERCOSUR as Southern Common Market.
After the following years, Ouro Preto Protocol was signed to constitute
institutional infrastructure.
After 1995, MERCOSUR tried to liberate its economic policies in terms of taxes
and tariffs. It started free movement of service and production factors with EU and
the USA .
In 2002, member states signed the Olibos Protocol.
In 2004, as regards the Asuncion Treaty, they established Permanent Court of
Arbitration(TPR).
In 2005, Structural Adjustment Fund was built and Joint Parliamentary
Community was replaced in Montevideo, Uruguay.
In 2013, Paraguay has objected to Venezuela's inclusion in the trading bloc in
2013.
By 2014, the MERCOSUR Parliament is elected by universal, direct ballot and
have some legislative powers binding the group.
AIMS and PRINCIPLES
• Trade Commission
• Secretariat
Agglomeration Effect
http://en.mercopress.com/about-mercosur
http://www.inform.kz/eng/article/2647853
http://politikaakademisi.org/mercosur/
http://www.pulsamerica.co.uk/2012/12/13/chinalatin-america-mercosur-
seeks-to-intensify-economic-ties-with-china/
http://www.mfa.gov.tr/mercosur.en.mfa
http://www.mercosur.int