Question

What trade block is the newest one in Latin America?

Answer 1

Answer:

The correct answer is E. The newest trade block in Latin America is UNASUR.

Explanation:

UNASUR is a political and economic community of the twelve independent states of South America.  It basically consists of two existing customs unions: Mercosur and the Andean Community.

The Treaty establishing the Union was signed on May 23, 2008 in Brazil. The goal of the South American nations is to develop and give place to an area of ​​integration and unity in the cultural, social, economic and political development among its members.

Answer 2

UNASUR is the newest trade block in Latin America.

Answer: Option E

Explanation:

UNASUR is a trade block that was signed in 2008 and came into force in the year 2011. The countries who are a part of this trade block are twelve in number and some of these countries are Chile, Peru, Uruguay, venezuela and eight more. The main focus of this block is on the physical region integration which includes fields like energy, infrastructure, education, health and many more.