Understanding Mercosur and Its Members

Mercosul is an intergovernmental organization founded by the Treaty of Asunción on March 26, 1991. It includes countries rich in natural resources, focusing on economic integration and free trade. Initially founded by Brazil, Argentina, Uruguay, and Paraguay, Venezuela joined in 2005 but was suspended in 2016 for violating organizational guidelines. Bolivia is awaiting approval to join, while other South American countries are associated but not candidates. The headquarters is in Montevideo, Uruguay.

What is Mercosur?

• A cultural exchange program in Asia

• A political union in North America

• An intergovernmental organization in South America

• A trade agreement between European countries

Which countries were the founding members of Mercosur?

• Brazil, Argentina, Chile, and Bolivia

• Paraguay, Uruguay, Chile, and Bolivia

• Brazil, Argentina, Uruguay, and Paraguay

• Venezuela, Brazil, Argentina, and Uruguay

Why was Venezuela suspended from Mercosur in 2016?

• For not paying membership fees

• For violating the organization's guidelines

• For political disagreements with other members

• For economic instability

Which country is awaiting approval from its Parliament to join Mercosur?

• Chile

• Peru

• Ecuador

• Bolivia

Where is the headquarters of Mercosur located?

• Brasília, Brazil

• Buenos Aires, Argentina

• Montevideo, Uruguay

• Asunción, Paraguay