The Southern Common Market, commonly known by Spanish abbreviation Mercosur, and Portuguese Mercosul, is a South American trade bloc established by the Treaty of Asunción in 1991 and Protocol of Ouro Preto in 1994. Mercosur's origins are linked to the discussions for the constitution of a regional economic market for Latin America, which go back to the treaty that established the Latin American Free Trade Association in 1960, which was succeeded by the Latin American Integration Association in the 1980s. African Union | Introduction, History, Objectives • African Union | Introduction, History, Obj... Eurasian Economic Union | Introduction, History, Objectives • Eurasian Economic Union | Introduction, Hi... Asia Pacific Economic Cooperation | Introduction, History, Objectives • Asia Pacific Economic Cooperation | Introd... Pacific Alliance | Introduction, History, Objectives • Pacific Alliance | Introduction, History, ... Gulf Cooperation Council | Introduction, History, Objectives • Gulf Cooperation Council | Introduction, H... [Subscribe this channel for more information] Grow To Know, What is What? Who is Who? Knowledge, Information, How To? What is this? Info about, Want to know, How to Know? #Knowledge #Information #What