The 1994 Protocol of
Ouro Preto
Ouro Preto (, ''Black Gold''), formerly Vila Rica (, ''Rich Village''), is a city in and former capital of the state of Minas Gerais, Brazil, a former colonial mining town located in the Serra do Espinhaço mountains and designated a World Herita ...
was the continuation of economic policies setting up a
customs union
A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff.GATTArticle 24 s. 8 (a)
Customs unions are established through trade pacts where the participant countries set up ...
, as set forth four years earlier in the
Treaty of Asunción by the four original
Mercosur states. (Consisting of
Argentina
Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...
,
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
,
Paraguay
Paraguay (; ), officially the Republic of Paraguay ( es, República del Paraguay, links=no; gn, Tavakuairetã Paraguái, links=si), is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to th ...
and
Uruguay
Uruguay (; ), officially the Oriental Republic of Uruguay ( es, República Oriental del Uruguay), is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast; while bordering ...
)
{{DEFAULTSORT:Protocol Of Ouro Preto
Mercosur
Customs treaties
Treaties concluded in 1994
Treaties of Argentina
Treaties of Brazil
Treaties of Paraguay
Treaties of Uruguay
Argentina–Brazil relations
1994 in Brazil