In 1991,Argentina,Brazil,Paraguay,and Uruguay implemented an agreement known as:

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The acronym MERCOSUR stands for the Southern Common Market, in Spanish, Mercado Común del Sur. It is a regional trade agreement between Argentina, Brazil, Paraguay, and Uruguay that was signed in 1991 and implemented in stages beginning in 1995. The agreement aims to promote free trade and the movement of goods, services, and people between member countries. NAFTA (North American Free Trade Agreement) is a trade agreement between the United States, Canada, and Mexico; APEC (Asia-Pacific Economic Cooperation) is an intergovernmental forum that promotes economic cooperation among countries in the Asia-Pacific region; and FTAA (Free Trade Area of the Americas) was a proposed agreement for free trade among all countries in the Americas, which was never fully implemented.

In 1991,Argentina,Brazil,Paraguay,and Uruguay Implemented an Agreement Known As