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Good morning!!
we are students of Quilmes University:
Our main objective is to analyze the benefits and consequences and how the affect the Mercosur members:
A Regional Integration Agreement is defined as any policy designed to reduce trade barriers between countries which are contiguous or even close to each other.
Normally we can find 4 different types of RIA:
-In 1988, Uruguay decided to sign up too and was included into the cooperation agreement trough the Act of Alvorada.
- Basically, the main objectives of the treaty were:
1. The free transit of produced goods, services and factors among the member states.
2. Fixing of a common external tariff (CET) and adopting of a common trade policy ;
3. Coordination of macroeconomic and sectorial policies of member states
4. The commitment by the member states to make the necessary adjustments to their laws in pertinent areas.
Cecilia Von der Heyde
Jennifer Bresciani
María Laura Albornoz
This presentation will be organized in 3 sections:
Secondly, we will give you some South American background in integration processes
In the first, we will show RIA´s main characteristics
Finally, with the information available, we´ll show the benefits and consequences of the integration process for the Mercosur members.
-Finally, in 1994, was signed the Protocol of Ouro Preto where the Mercosur (as it’s known now) were launched
-Since that moment up to now, 2 more countries were included to the Mercosur Area: Venezuela, in 2006, and Bolivia, in 2013.
-The first background about an integration agreement was found in 1986 with the PICE (or in English Exchange Program and Economic Cooperation)
The main objective was to create the perfect stage to reach a well balanced growth of bilateral commerce and a deeper intra-industry trade.
- In 1991 Argentina, Brazil, Uruguay and Paraguay signed the Asunción Treaty, which adopted the name of Mercosur. It settled the basic institutional structure and established the adoption of a Free Trade Area.
Mercosur, benefits and consequences