Economic unionAn economic union is a type of trade bloc which is composed of a common market with a customs union. The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production (capital and labour) as well as a common external trade policy. When an economic union involves unifying currency, it becomes an economic and monetary union. The purposes for establishing an economic union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries.
Bank of the SouthThe Bank of the South (Banco del Sur, Banco do Sul, 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 US20billion.Argentina,Venezuela,andBrazilweretohaveeachpledged4 billion, and Uruguay, Ecuador, Paraguay and Bolivia were to have contributed smaller amounts. The intention of the bank was to lend money to nations in the Americas for the construction of social programs and infrastructure. Trade blocA trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states. Trade blocs can be stand-alone agreements between several states (such as the USMCA) or part of a regional organization (such as the European Union). Depending on the level of economic integration, trade blocs can be classified as preferential trading areas, free-trade areas, customs unions, common markets, or economic and monetary unions.
Single marketA single market, sometimes called common market or internal market, is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services. The goal is that the movement of capital, labour, goods, and services between the members is as easy as within them. The physical (borders), technical (standards) and fiscal (taxes) barriers among the member states are removed to the maximum extent possible.
ArgentinaArgentina (aɾxenˈtina), officially the Argentine Republic (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, the fourth-largest country in the Americas, and the eighth-largest country in the world. It shares the bulk of the Southern Cone with Chile to the west, and is also bordered by Bolivia and Paraguay to the north, Brazil to the northeast, Uruguay and the South Atlantic Ocean to the east, and the Drake Passage to the south.
ManausManaus (mɐˈnaws, ma-) is the capital and largest city of the Brazilian state of Amazonas. It is the seventh-largest city in Brazil, with an estimated 2020 population of 2,219,580 distributed over a land area of about . Located at the east center of the state, the city is the center of the Manaus metropolitan area and the largest metropolitan area in the North Region of Brazil by urban landmass. It is situated near the confluence of the Negro and Solimões rivers.
Regional integrationRegional Integration is a process in which neighboring countries enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio-political and security objectives, as defined by national governments.
FortalezaFortaleza (foʁtaˈlezɐ, Portuguese for Fortress) is the state capital of Ceará, located in Northeastern Brazil. It is Brazil's 4th largest city, the city has passed Salvador in 2023 census with a population of slightly over 2.7 million, and the 12th largest city by gross domestic product. It forms the core of the Fortaleza metropolitan area, which is home to over 4.1 million people. Fortaleza is an important industrial and commercial center of Northeast Brazil.
Southern ConeThe Southern Cone (Cono Sur, Cone Sul) is a geographical and cultural subregion composed of the southernmost areas of South America, mostly south of the Tropic of Capricorn. Traditionally, it covers Argentina, Chile, and Uruguay, bounded on the west by the Pacific Ocean and on the east by the Atlantic Ocean. In terms of social, economic and political geography, the Southern Cone comprises Argentina, Chile, and Uruguay, and sometimes includes Brazil's four southernmost states (Paraná, Rio Grande do Sul, Santa Catarina, and São Paulo).
Brazilian PortugueseBrazilian Portuguese (português brasileiro poʁtʊˈɡe(j)z bɾazɪˈlejɾʊ ), also Portuguese of Brazil (português do Brasil, poʁtʊˈɡe(j)z dʊ bɾɐˈziw ) or South American Portuguese (português sul-americano) is the set of varieties of the Portuguese language native to Brazil and the most influential form of Portuguese worldwide. It is spoken by almost all of the 203 million inhabitants of Brazil and spoken widely across the Brazilian diaspora, today consisting of about two million Brazilians who have emigrated to other countries.
