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TeachMeFinance.com - explain Mercado Commun del Sur (MERCOSUR) Mercado Commun del Sur (MERCOSUR) The term 'Mercado Commun del Sur (MERCOSUR) ' as it applies to the area of agriculture can be defined as ' A customs union between Argentina, Brazil, Paraguay, and Uruguay, which came into effect on January 1, 1995. Chile and Bolivia have become associate members'.
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