Treaty of Asunción

South America [1991]

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July 16, 2026

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The Treaty of Asunción, signed in 1991, established Mercosur, a South American regional economic organization. The treaty was signed by the heads of state of Argentina, Brazil, Paraguay, and Uruguay. Mercosur's primary goals include harmonizing economic policies among its members and promoting economic development. In 1995, a free-trade zone and a customs union were formally established. The organization is headquartered in Montevideo, Uruguay.1

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Mercosur
…created in 1991 by the Treaty of Asunción, which was signed by the heads of state of Argentina, Brazil, Paraguay, and Uruguay. Several other countries were later admitted as associate members, and in 2006 the presidents of the four member countries approved full membership for Venezuela, though its final ascent…
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…created in 1991 by the Treaty of Asunción, which was signed by the heads of state of Argentina, Brazil, Paraguay, and Uruguay. Several other countries were later admitted as associate members, and in 2006 the presidents of the four member countries approved full membership for Venezuela, though its final ascent…
Read More