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Mercosur: Economic indicators and trade with EU

© European Union, EPRS

Written by Giulio Sabbati,
In cooperation with Olga Griaznova (from GlobalStat | EUI),

Mercosur, the ‘southern common market’, was founded in 1991 when Argentina, Brazil, Paraguay, and Uruguay signed the Treaty of Asunción. In 2012, Venezuela formally joined Mercosur as a fifth member, but in December 2016 the country was suspended temporarily for failure to transpose Mercosur rules into Venezuelan law. In August 2017, the suspension was prolonged indefinitely. This paper presents economic indicators for the four members, for example showing their GDP and labour market situations, and it also shows those countries’ relative positions on several indexes that assess the situation in terms of doing business, corruption and human development. Finally, it looks at trade between the EU and Mercosur – of both goods and services – highlighting the main trading partners, and the main products and services that the EU exports to and imports from the four Mercosur members.

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GlobalStat, a project of the EUI’s Robert Schuman Centre for Advanced Studies and the Francisco Manuel dos Santos Foundation aims to offer the best available gateway to statistical data. It is easily accessible, intuitive to use, and free of charge. In just three clicks it offers data from 1960 onwards for 193 UN countries, five continents and 12 political and regional entities – including the European Union – gathered from over 80 international sources. The project, presents data as diverse as income distribution, water resources, housing, migration, land use, food production, nutrition, or life expectancy, which contributes to a better understanding of the interrelations between human living conditions and globalisation trends.

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