The Creation
Who were the 4 original countries of Mercosur?
Argentina, Brazil, Paraguay, and Uruguay
How often does the groups presidency rotate?
6 months
Which 2 countries rejected President Clinton's FTAA in 1994?
Brazil and Argentina
Violating what form of government is a main reason for suspension from the bloc?
Democracy
What is the largest challenge for the bloc?
Internal Division
What year was Mercosur created?
1991
In what order does the presidency rotate?
Alphabetical order
Which country is in active FTA talks with China?
Uruguay
What year did Venezuela join Mercosur?
2012
Which countries President is currently threatening to leave the bloc?
Argentina
What other regional union did the creators of Mercosur pull ideas from?
The European Union
What is the abbreviation for the Structural Convergence Fund?
FOCEM
Which country did the bloc conclude a Free Trade Agreement (FTA) with, the first Southeast Asian country?
Singapore
Which country was the first to get suspended from Mercosur?
Paraguay
Which global event caused economic hardships?
Covid-19
What was the name of the initial accord between the original Mercosur countries?
In 2022 which country received the largest amount of FOCEM funding?
Paraguay
By what amount did Internal Trade grow from 1990 to 2010? (Answer in $)
$37 Billion
What month and year was Venezuela indefinitely suspended?
August 2017
How much money was allocated through FOCEM to improve Covid-19 testing?
$16 million
What percent was the Common External Tariff (CET) on certain imports from outside of the Bloc during the creation of Mercosur?
35%
What percentage of FOCEM projects are funded by Argentina?
30%
Why did several members of the EU oppose a comprehensive trade deal with the bloc?
Illegal Logging in Brazil
Who was Venezuela's President when they got suspended from Mercosur?
President Nicolás Maduro
In 2020, LATAM GDP fell by what percentage?
7%