Cono Sur Agreement

By December 6, 2020 No Comments

With the 2005 cooperation agreement with Mercosur, the Andean Community has won four new associate members: Argentina, Brazil, Paraguay and Uruguay. These four Mercosur members were members of the Andean Council, which met with the Commission (the Andean Community) at an expanded meeting on 7 July 2005. This approach responds to the measures taken by Mercosur, which has granted membership to all the nations of the Andean Community under the economic complementarity agreements (free trade agreement) signed between the CAN and the various mercosur members. [55] The Caribbean country`s accession protocol was signed in 2006 by all the presidents of the bloc countries. The Uruguayan and Argentine congresses then approved the accession of the new member. The Brazilian Congress did not do so until December 2009. However, the Paraguayan Congress did not approve it and therefore prevented the Caribbean nation from fully joining it. In response to the summary ouster of the President of Mercosur by Fernando Lugo on 29 June 2012, the Mercosur presidents have declared Paraguay`s suspension until the next presidential elections in April 2013. A month later, the bloc presidents confirmed their commitment to Venezuela. It was proposed that the decision on Paraguay`s return could be overturned by exercising its veto power, which was not the case.

[22] The decision was challenged. For some economists, Venezuela`s acceptance as a full member of Mercosur broadens the bloc`s economic importance and opens up new business and investment opportunities. But for others, the decision was considered hasty, imposed by the Brazilian and Argentine governments and motivated solely by political interests. In 2004, Mercosur signed a cooperation agreement with the Andean Community Trade Bloc (CAN) and issued a Memorandum of Understanding for future negotiations on the integration of all of South America. [51] The prospect of greater political integration within the organisation, advocated by the European Union and supported by some, remains uncertain. [52] Bolivia, which was also a member of the CAN and an associate member of the Mercosur process before the start of the UNASUR process, plays a crucial role in relations, says Marion Huermann, with Bolivia traditionally seen as an intermediary between andean countries and the rest of South America. Regional integration: The key role of Venezuela`s history in Bolivia in Mercosur began on 16 December 2003 at a Mercosur summit in Montevideo, when the Mercosur agreement on economic complementarities was signed with Colombia, Ecuador and Venezuela. This agreement established a timetable for the creation of a free trade area between the signatory countries and the full members of Mercosur, with a gradual reduction in tariffs. In this way, these countries have succeeded in negotiating the creation of a free trade area with Mercosur, because a complementary economic agreement, in full compliance with its timetable, is the necessary point for the ramp-up of a new partner. However, on 8 July 2004, Venezuela was elevated to associate membership, without even completing the timetable agreed with the Common Market Council.

[19] [20] [21] The following year, the bloc recognized it as a nation associated with the accession process, which in practice meant that the state had a voice, but no voice.