Treaty of Asunción

E108368

The Treaty of Asunción is the 1991 agreement that created the Southern Common Market (MERCOSUR), establishing a regional trade bloc among several South American countries.

All labels observed (5)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf founding treaty
international treaty
trade agreement
aimsTo increase competitiveness of member economies
promote economic development
promote social development
alsoKnownAs Tratado de Assunção
linked to: Treaty of Asunción

Tratado de Asunción
linked to: Treaty of Asunción

Tratado de Asunción para la Constitución de un Mercado Común
linked to: Treaty of Asunción
appliesToOrganization MERCOSUR member states
citySignedIn Asunción
continent South America
countrySignedIn Paraguay
created MERCOSUR
Southern Common Market
linked to: MERCOSUR
dateSigned 1991-03-26
enteredIntoForce 1991
established customs union framework
regional common market
establishes free movement of capital
free movement of goods
free movement of persons related to economic activities
free movement of services
followedBy Ouro Preto Protocol
fullName Treaty of Asunción on the Establishment of a Common Market
linked to: Treaty of Asunción
hasTypeOfIntegration common market
language Portuguese
Spanish
legalStatus foundational instrument of MERCOSUR
objective coordination of macroeconomic policies
creation of a common market among member states
elimination of customs duties among member states
harmonization of legislation in relevant areas
partOf MERCOSUR legal framework
regionCovered South America
shortName Treaty of Asunción
signatoryCountry Argentina
Brazil
Paraguay
Uruguay
signedBy President of Argentina
President of Brazil
President of Paraguay
President of Uruguay
subject customs union
regional economic integration
trade liberalization
yearSigned 1991

How these facts were elicited

Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

MERCOSUR foundingTreaty Treaty of Asunción
Treaty of Asunción fullName Treaty of Asunción on the Establishment of a Common Market
linked to: Treaty of Asunción
Treaty of Asunción shortName Treaty of Asunción
Treaty of Asunción alsoKnownAs Tratado de Asunción
linked to: Treaty of Asunción
Treaty of Asunción alsoKnownAs Tratado de Asunción para la Constitución de un Mercado Común
linked to: Treaty of Asunción
Treaty of Asunción alsoKnownAs Tratado de Assunção
linked to: Treaty of Asunción
Paraguayan War treaty Treaty of Asunción