Trade Blocks
The biggest trade block in South America is Mercosur (or Mercosul in Portuguese), comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela. Associate states include Bolivia, Chile, Colombia, Ecuador and Peru. The second-biggest trade bloc is the Andean Community of Nations comprising Bolivia, Colombia, Ecuador, Peru, Venezuela and as of 2006 Chile. The Union of South American Nations is expected to merge both trade blocs.
Read more about this topic: Economy Of South America
Famous quotes containing the words trade and/or blocks:
“The glory of the farmer is that, in the division of labors, it is his part to create. All trade rests at last on his primitive activity.”
—Ralph Waldo Emerson (1803–1882)
“The vast silence of Buddha overtakes
and overrules the oncoming roar
of tragic life that fills alleys and avenues;
it blocks the way of pedicabs, police, convoys.”
—Denise Levertov (b. 1923)