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| | Periodic Note: MERCOSUR |
 | | The purpose of MERCOSUR is to create a common market in which goods and services can be freely traded among member countries and to permit the unrestricted movement of factors of production (labor and capital), the coordination of macroeconomic and sector policies, and the harmonization of national legislation in order to enhance competitiveness. |
 | | In addition, the current executive structure was maintained, with the Common Market Group (GMC) as principal body responsible for proposing draft resolutions to the CMC and making the necessary arrangements to comply with the CMC's decisions, with the support of eleven technical working subgroups. |
 | | In addition, there is the Trade Commission, responsible for coordinating common trade policy and supervising implementation of the CET, the Joint Parliamentary Commission, the Economic Consultative Forum, and the Administrative Secretariat. |
| www.iadb.org /int/intpub/nota/merco.htm (1950 words) |
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