Mercosur – (Common Market of the South)

Mercosur Headquarters,  Montevideo Uruguay Mercosur Headquarters, Montevideo Uruguay

Mercosur was founded in 1991 by Argentina, Brazil, Paraguay and Uruguay with the signature of the Treaty of Asuncion. Venezuela is a full member since July 2012, Bolivia is in the process of becoming a full member since December 2012; while Chile, Colombia, Ecuador and Peru are associated states. Its Secretariat is based in Montevideo and it has a six-month rotating Presidency.

Profound asymmetries in size and economic characteristis among its members might translate into differences in capacity. The European Union has favoured the strengthening of Mercosur and supported its initiatives, notably through the Interinstitutional Agreement to provide technical and institutional support for its newly created structures.

In 1995, the EU and Mercosur signed an Interregional Framework Cooperation Agreement, which entered into force in 1999. A joint declaration annexed to the Agreement provides the basis for the political dialogue between the parties, which takes place regularly at Heads of State, Ministerial and Senior Official levels.

In 2000, the parties opened negotiations for an Association Agreement including three chapters: political dialogue, cooperation and trade. Negotiations were suspended in 2004 over fundamental differences in the trade chapter. Political relations continued, notably with the signature, during the EU-MERCOSUR Summit of Lima in 2008, of an agreement to expand relations to three new areas, science and technology, infrastructure and renewable energy .

After a six-year suspension, negotiations were re-launched in May 2010 at the EU-LAC Summit of Madrid and are ongoing.

The EU provides assistance to Mercosur through its 2007-2013 Regional Programme pdf - 431 KB [431 KB] Deutsch (de) español (es) français (fr) português (pt)  adopted in August 2007 in the framework of the Regional Strategy for Mercosur. The Regional programme provides €50 million to support projects in three priority areas:

  1. Mercosur institutional strengthening
  2. Supporting Mercosur in preparing for the implementation of the Association Agreement
  3. Fostering the participation of civil society to Mercosur integration process.

Mid-Term Review and Regional Indicative Programme for 2011-2013 pdf - 204 KB [204 KB]

EventsRSS

  • 12/12/2012
    127 12015 1 1st CELAC-EU Summit /7th EU-LAC Summit, Santiago de Chile, 26-27 January 2013 1st CELAC-EU Summit / 7th EU-LAC Summit, Santiago de Chile, 26-27 January 2013 /la/summits/2013/index_en.htm 12/12/2012 00:00:00 04/02/2008 14:39:00 12/12/2012 00:00:00 nulldate 2012121200 090126248907ed03 N 090126248954cbbf /la/summits/2013/index_en.htm 14341 xml Y /la/summits/2013/index_en.htm 4 /la/summits/2013/index_en.htm /la/summits/2013/index_es.htm /la/summits/2013/index_fr.htm /la/summits/2013/index_pt.htm /la/summits/2013/index_zz.htm N ID_INTERNAL N N
    1st CELAC-EU Summit / 7th EU-LAC Summit, Santiago de Chile, 26-27 January 2013
  • 25/10/2012
    421 12015 1 EU-MERCOSUR, XXIV Meeting of the Bi-Regional Negotiations Committee EU-MERCOSUR, XXIV Meeting of the Bi-Regional Negotiations Committee /mercosur/docs/2012_mercosur-eu_final_conclusions_en.pdf 10/25/2012 00:00:00 12/21/2012 10:57:00 10/25/2012 00:00:00 nulldate 2012102500 090126248921d09f N 090126248921d09f /mercosur/docs/2012_mercosur-eu_final_conclusions_en.pdf 74670 pdf Y /mercosur/docs/2012_mercosur-eu_final_conclusions_en.pdf 1 /mercosur/docs/2012_mercosur-eu_final_conclusions_en.pdf /mercosur/docs/2012_mercosur-eu_final_conclusions_zz.pdf N ID_INTERNAL N N
    EU-MERCOSUR, XXIV Meeting of the Bi-Regional Negotiations Committee pdf - 73 KB [73 KB]

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