The Andean Common Market and the Southern Cone Common Market aspire to become a common market.

Name: The Andean Common Market and the Southern Cone Common Market aspire to become a common market.
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The Andean Common Market and the Southern Cone Common Market aspire to become a common market. However, they are currently only customs unions. They are in the process of agreeing upon common external tariffs, which is a step in the common market direction.