Mercosur’s 20th Anniversary
By Dialogo April 01, 2011
The Mercado Comun del Sur, or Mercosur, celebrated its 20th year of existence in South America on March 26, 2011. Hosted by Paraguayan President Fernando Lugo, and attended by Bolivian Vice-president Álvaro García Linera, the trade bloc’s anniversary celebration took place in the indigenous community of Jaguati, about 500 kilometers northeast of Asuncion, Paraguay.
Argentina, Brazil, Paraguay and Uruguay are member nations of Mercosur, the fourth largest trading bloc in the world. Associated nations include Bolivia, Chile, Colombia, Ecuador and Peru. Mercosur reported that it has increased business among its members from $4.5 million in 1991 to $45 million in 2010.