Brazil and Argentina are both in g 20 China has been going to this block to buy

Brazil and argentina are both in g 20 china has been

This preview shows page 7 - 10 out of 12 pages.

Brazil and Argentina are both in g-20 China has been going to this block to buy a lot of goods and sources USAN o Newer and rapidly evolving o Union of South American Nations o Now unifying sov states of south America Started off as a trade block but going to do much more Intergovernmental Union Andean Community of Nations (CAN) o Columbia o Ecuador o Peru o Bolivia Mercosur o Integration of these two groups o Both exist but in motion to merge into one Put together and incorporating other 3 sov states 12 sov states of south America under this group Doesn’t include latin America South American continent Heads of the 12 states have gotten together to make this union Started in 2000 2004 summit was biggest deal o Signed cusco declaration Letter of Intent of USAN o Panama and Mexico were observing o Intending to mold this union
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o Unified passport system o Single currency eventually May 2008 in brazil o Formalized cusco declaration Brazil has been heavily influencing it FTAA has failed o Brazil was never behind o Being in a super structure with the US was not a good position Free trade for south americans Summits happening every year They have formed a single free trade block Elimination all tariffs on nonsensitive goods in 2014 o Free trade o Effort to increase trade 2019 no tariffs on anything at all They have a bank o South American bank o Not like nafta o In venezuala To loan money for public projects Coordinated infrastructure cooperation o More like EU less like nafta Interstate highway system o Rail South American energy ring of natural gas No new beaucracy Common defense policy Regional security o anti terrorism promoting military cooperation regional defense o Brazil argentina and chile said they not a NATO and theyre not going to dedicate to armed resistance Coordinate foreign policy o We USAN More like EU and less like NAFTA Pushing for free movement of people o Any south American citizen can walk around for 90 days Most abolished tourist visa requirement o Outsider can go anywhere without a visa They are working towards area of free residence with right to work o Can go anywhere and say they want to work there Likely to go much further EU is retracting this USAN is plowing forward with this
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New and evolving very fast Well beyond NAFTA Aspires for continental integration to EU APEC o Asia Pacific Economic Cooperation Started in 1989 Rose in response to Eu NAFTA Mercosur 21 member economies Commonality Pacific Ocean o US, China, Japan, Russia, Australia, Indonesia, Canada, S Korea, Mexico o Brunei, Chile, New Zealand, Philippines, Singapore, Thailand, Papa New Guniea, Vietnam, Peru, Hong Kong, Taiwan Not member states Not all sov states Only club where china and Taiwan are in it together China allowed as long as they not sov state Lowering trade barriers
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