Southern Common Market

It does not cover matters relating to intellectual property, investment and procurement. The result is embodied in a document that provides immediate relief products such as raw materials, but others must wait times between 6 and 15 years depending on sectors, such as metal industry, mechanical and automotive. Venezuela exported tariff-free since August various products to countries of the Southern Common Market (MERCOSUR), which became a partner State. Venezuela among the products initially become part of the portfolio of offerings to the MERCOSUR, are derivatives of aluminum, steel, tuna and sardines, it should be noted that goods and services that achieve our country to put the common market are those assets that have an added value raw material is processed and in most of the time completed. Weaknesses: As a nation we have to go through a process of coupling and adaptation for deepening MERCOSUR integration infrastructure.

Venezuela will have to make a significant investment in infrastructure for Venezuela goods produced in areas of difficult access to reach the markets of MERCOSUR. Venezuela is not yet integrated into a whole MERCOSUR, only an associate member, what limits the action area and trade. Venezuela has weak competitive with Brazil and Argentina, as the development of these two countries is more advanced which is a competitive advantage. Opportunities: The MERCOSUR reflects and recognizes the disparities between economies of member countries. MERCOSUR includes the energy aspects, commercial, financial, cultural and communications, provided other consideration is that large differential bloc countries provide opportunities to transfer technology, provide technical assistance, building human capital in the agreements with MERCOSUR.