Mercosur
Southern Common Market
Updated 7 November 2026
South America's principal trade bloc — a customs union anchored by Brazil and Argentina, with Bolivia acceding and Venezuela suspended.
Key facts
- Founded
- 1991
- Headquarters
- Montevideo, Uruguay
- Members
- 5 states
- Chair
- Uruguay
- Next summit
- December 2026Uruguay
- Last summit
- 30 June 2026Luque, Paraguay
- The UAE
- Special guest at 68th Summit (June 2026); trade agreement under negotiation since 2024
- UAE trade with members (2025)
- $7.4 billion