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Member States Of Mercosur
Currently, Mercosur is composed of five full members (one of which is suspended), five associated countries and two observer countries:[1][2][3] Guyana and Suriname signed framework agreements with Mercosur in July 2013 to become associate states.[10][11][12][13] Venezuela applied for membership, but its entry has not been ratified by Paraguay, although it was ratified by Argentina, Brazil and Uruguay.[14] However, in June 2012 Paraguay was suspended from Mercosur for an alleged coup d'état and the violation of the Democratic Clause of Mercosur, so Venezuela's admission, already approved by the remaining members, became effective on July 31.[6] Venezuela is considered a key member of the Mercosur due to its energy resources, including natural gas and oil
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Mercosur

Mercosur (in Spanish), Mercosul (in Portuguese), or Ñemby Ñemuha (in Guarani), officially Southern Common Market,[6] is a South American trade bloc established by the Treaty of Asunción in 1991 and Protocol of Ouro Preto in 1994. Its full members are Argentina, Brazil, Paraguay and Uruguay. Venezuela is a full member but has been suspended since 1 December 2016. Associate countries are Bolivia, Chile, Colombia, Ecuador, Guyana, Peru and Suriname.[7] Mercosur's origins are linked to the discussions for the constitution of a regional economic market for Latin America, which go back to the treaty that established the Latin American Free Trade Association in 1960, which was succeeded by the Latin American Integration Association in the 1980s
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South American Parliament
The South American Parliament is a proposed body of the Union of South American Nations (USAN). The 2004 Cusco Declaration, announcing the USAN's formation, called for the establishment of a USAN parliament. The 2008 UNASUR Constitutive Treaty (effective since 2011) confirmed its intended establishment, but does not list it with the other bodies, and does not give any details on its composition. Article 17 states that the Parliament would be located in Cochabamba, Bolivia, and its creation would be subjected to an additional protocol.[1] A transitory article of the Treaty states how this protocol would be created: members will appoint a "Special Commission" composed of national and regional Members of Parliament[2] who would meet in Cochabamba to draft the protocol, pending to be considered at the Fourth Summit of Unasur leaders
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Bank Of The South
The Bank of the South (Spanish: Banco del Sur, Portuguese: Banco do Sul, Dutch: Bank van het Zuiden) or BancoSur is a monetary fund and lending organization established on 26 September 2009 by Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela with promises of initial capital of US$20 billion. Argentina, Venezuela, and Brazil were to have each pledged $4 billion, and Uruguay, Ecuador, Paraguay and Bolivia were to have contributed smaller amounts.[1][2] The intention of the bank was to lend money to nations in the Americas for the construction of social programs and infrastructure. Documents establishing the bank as an entity were signed in 2007, and the agreement between the countries was finalized in 2009, but as of 2016, the bank had not been capitalized.[3] The ultimate goal of the Bank of the South is to include every state within the region of South America
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