The New MERCOSUL

Abstract

This article aims to discuss if Mercosur will succeed, after twenty years of existence, and if it will grow sufficiently to reach their primary goals: apply a common tax as a common commercial policy, the coordination of macroeconomic and sectoral policies between the States Parties to ensure proper competition between this States Parties, and the commitment of States Parties to harmonize their legislation in order to strengthen the process of integration (MERCOSUR, the Treaty of Asuncion , Article 1th). This article will analyse this subject with the drafting of the Agreement on Residence for the states of Mercosur, and will discuss whether the successive global crises afects the Latin America, and the future MERCOSUR.