Chile decided to become only an associate member of Mercosur since full membership would have required raising external tariffs.

Question

Quizplus · Accepted Answer

This statement is true. Chile joined Mercosur as an associate member in 1996, and has maintained this status since then. As an associate member, Chile is not subject to the full range of Mercosur trade policies, including the common external tariff (CET). This allows Chile to continue trading with other countries in the region without being subject to the CET, which would have raised tariffs on imports from outside of the Mercosur bloc.

Chile Decided to Become Only an Associate Member of Mercosur