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PICE agreement signed between Brazil and Argentina
Brazil and Argentina sign PICE, which can been seen as the initial groundwork from which the formation of Mercosur followed. Pictured is Argentinian President Raúl Alfonsín. Country Studies article -
Treaty of Ascunión/Creation of Mercosur
Treaty of Ascunión signed between Brazil, Argentina, Paraguay and Uruguay with the goal of creating a common market by 1995. Pictured is Brazillian President, Fernando Collor. The Treaty of Asunción in English -
Protocol of Ouro Petro
Protocol of Ouro Preto is signed in Ouro Preto, Brazil (pictured). Formalised a custom union between Mercosur members, but included provisions protecting sensitive industries within member states. Ouro Preto Protocol in English -
Interregional Framework Cooperation Agreement with the EU
Mercosur signs an Inter-regional Framework Co-operation Agreement with the European Union, formalising dialogues between the two bodies. It comes into effect in 1999. The Interregional Framework Cooperation Agreement in English -
Chile joins Mercosur as an associate member
Frustrated in its attempts to join NAFTA, Chile joins Mercosur as an associate member. Sun-Sentinel article -
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Talks with the EU over further cooperation
Talks between Mercosur and the European Union are held in Rio de Janiero, Brazil. Both parties pledge further cooperation between the two regions. Pictured are the delegates involved. BBC News article -
Peru joins as an associate member
Andean Community member Peru joins Mercosur as an associate member. This paves the way for a cooperation agreement with the Andean Community of Nations to be signed the following year. Bloomberg article -
Venezuela joins as an associate member
Venezuela joins Mercosur as an associate member, paving the way for it to become a de-facto full member two years' later. Additionally, NAFTA's Mexico gains observer status. MercoPress article -
Mercosur signs pact with the Andean Community of Nations
Mercosur signs a cooperation agreement with the Andean Community of Nations. As a result, Colombia and Ecuador are brought in the fold as Mercosur associate members, joining their fellow Andean Community members, Bolivia and Peru. Andean Community outline of their relationship with Mercosur -
Mercosur Parliament inaugurated
The Mercosur Parliament is inaugurated following an agreement in 2004 ordering its creation. It is based in Montevideo, Uruguay. BBC News article -
Mercosur Parliament elections held simultaneously
After this date, the Mercosur Parliament will transition to representatives being appointed via simultaneous elections across member states. The exact date for the first election is yet to be determined. International Democracy Watch article
