Mercosur

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/mercosur

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the founding treaty?Treaty of Asunción, signed March 26, 1991, establishing the Southern Common Market
2. What is the full members?Argentina, Bolivia, Brazil, Paraguay, Uruguay. (Venezuela suspended since Dec 1, 2016)

Regional Economic Integration: The process by which countries in a geographic region reduce or eliminate trade barriers and coordinate economic policies.
Common External Tariff (CET): A unified tariff rate applied by all member countries of a customs union to imports from non-member countries.
Intra-regional Trade: Trade that occurs between countries that are part of the same economic bloc or region.
Human Development Index (HDI): A composite statistic of life expectancy, education, and per capita income indicators used to rank countries into four tiers of human development.