The Protocol of Accession of the Caribbean country was signed in 2006 by all the presidents of the Bloc countries. The Uruguayan and Argentine congresses then approved the new member`s membership. The Brazilian Congress did so only in December 2009. However, the Paraguayan Congress did not approve it and therefore made it impossible for the Caribbean nation to fully join. On 29 June 2012, the presidents of Mercosur decreed the Paraguayan suspension until the next presidential elections in April 2013, in response to the summary release of the presidency by Fernando Lugo. A month later, the bloc presidents confirmed their membership in Venezuela and several trade agreements were signed. It was suggested that, with the return of Paraguay, the decision could be reversed by the exercise of its right of veto, which had not been the case. [22] The decision was controversial. For some economists, Venezuela`s accession as a full member of Mercosur increases the bloc`s economic importance and opens up new business and investment opportunities.

However, for others, the decision was deemed hasty, imposed by the governments of Brazil and Argentina and motivated by purely political reasons. A spokesman for Concha y Toro said the new labels would be in areas where Cono Sur has a partnership agreement with Le Tour, including Britain, Ireland, Estonia, Colombia and Chile. In 2004, Mercosur signed a cooperation agreement with the trade bloc of the Andean Community of Nations (CAN) and issued a memorandum of understanding for future negotiations for the integration of all of South America. [51] The prospect of greater political integration within the Organisation, as advocated by the European Union and supported by some, remains uncertain. [52] Bolivia, a member of the CAN and an associate member of Mercosur before the start of the UNASUR process, plays a crucial role in relations, says Marion Hörmann, because Bolivia is traditionally seen as an intermediary between the Andean countries and the rest of South America. Regional integration: a key role for Bolivia In general, the Chilean system is enjoying increasingly strong trade relations, while the forces of protectionism and populism in Argentina have long pushed the country back economically. For five centuries, South America has been the scene of some of America`s most violent battles. Since the arrival of the Spanish and Portuguese on the continent, the La Plata basin has been the scene of Portuguese-Spanish quarrels over the territories (the territory that is now Uruguay was once Spanish, then Portuguese, again Spanish and Brazilian). At the same time, however, there are fundamental chapters in this region of the political and economic emancipation of the future members of Mercosur. [9] [Clarification required] There was no general consensus on Mercosur`s work in the countries concerned.

To some extent, Chile has preferred to follow bilateral agreements with trading partners and Uruguayan politicians have called for this example. [54] In an interview with the PanAm Post, Argentine economist Adrián Ravier said that the free trade agreement between the two countries is of paramount importance to Argentina: Venezuela`s history in Mercosur began on December 16, 2003, at a Mercosur summit in Montevideo, when the economic complementarity agreement with Colombia was signed, Ecuador and Venezuela.. . .