Mercosur

/ ˈmɜːkəˌsə /

noun

1. a trading block composed of Argentina, Brazil, Paraguay, Uruguay, and Venezuela, with associate members Bolivia, Chile, Colombia, Ecuador, and Peru; superceded in 2008 by the Union of South American Nations (Unasur or Unasul), by uniting with the Andean Community

Word History and Origins

Origin of Mercosur¹

C20: from Spanish Mercado Común del Cono Sur common market of the southern cone

Example Sentences

It has turned against free trade, moving to block an agreement with Mercosur, a South American bloc accused by farmers of unfair competition.

From New York Times

Macron’s office prior said to the trip that a potential European trade deal with the South American bloc Mercosur won’t be on the agenda.

From Seattle Times

Attal also, among other pledges, reaffirmed that the country would remain opposed to the EU signing a free-trade deal with South America’s Mercosur trade group.

From Seattle Times

Attal also confirmed that France would remain opposed to the European Union signing a free-trade deal with the Mercosur trade group, as French farmers denounce what they see as unfair competition from Latin American countries.

From Seattle Times

“It is the biggest fund ever built for South American integration and for Mercosur in Mercosur’s history,” Mercadante said.

From Seattle Times