Which regional trade bloc was founded by the 1991 Treaty of Asuncion?
Answer and explanation
Correct answer: B. Mercosur, joined by Argentina, Brazil, Paraguay and Uruguay
- Step 1: The founding treaty was signed in Asuncion in 1991. Step 2. The four founders were Argentina, Brazil, Paraguay and Uruguay. Answer: Mercosur, joined by Argentina, Brazil, Paraguay and Uruguay. Why not the others: The other blocs have different member lists.
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