Mercosur Current Affairs - 2020

Union Cabinet approves Agreement between India and Uruguay for Cooperation in Customs Matters

The Union Cabinet has approved signing and ratifying an Agreement between India and Uruguay for cooperation and mutual assistance in Customs Matters. The Agreement will help both countries in the availability of relevant information for the investigation and prevention of Customs offences. Key Facts The Agreement is also expected to facilitate trade and ensure efficient Read More…

Mercosur revokes membership of Venezuela

The South American economic bloc Mercosur has suspended Venezuela from it for violating the bloc’s democratic principles and failing to meet its basic standards. The membership was revoked by the Foreign Ministers of the four founding members of Mercosur — Argentina, Brazil, Uruguay and Paraguay. Why Venezuela was suspended? Venezuela was blocked after it failed Read More…