The Mercosur is an acronym for "common market of the south" which in Portuguese is known as "Ñemby Ñemuha", this refers to an integrated by the countries of Argentina, Brazil, Paraguay and Venezuela subregional space, which also has as partners to Bolivia, Chile, Colombia, Ecuador and Peru as well as spectators to New Zealand and Mexico.
The communication of goods, services and the elements produced between countries, by the establishment of a common external tax where the community of people and the acceptance of a common commercial policy, the organization of macroeconomic policies that is the part of economic theory that It is in charge of the general study of the economy, through the analysis of the aggregate economic instability as the total amount of goods and services produced, by the total income and sectors between the states and the agreement of the legislations to achieve the strengthening of the process of integration.
The Mercosur also allows the free movement of persons is a fundamental right that assists residents of the European Union under agreements exposed through the area of freedom, security and favored justice internal borders. The official languages of Mercosur according to article 46 of the ouro preto protocol, which is an important complementary protocol of the assumption treaty, which is an agreement signed between Argentina, Brazil, Paraguay and Uruguay, who are the founders of Mercosur.
The Mercosur is considered as an economic power that has a GDP means gross domestic product is a measure macroeconomic expressing the monetary value of production of goods and services for final demand for a country or region during a given period.
