Title: Agri-Food Regional Profile
• The Mercado Commun del Sur, or Common Market of the South (Mercosur), is an economic integration agreement that was formally launched in 1991 between Argentina, Brazil, Paraguay and Uruguay.
• With roughly 250 million consumers, the Mercosur common market is Canada’s largest export market in South America, comprising almost three quarters of the continent’s population, and is the fourth largest trade bloc in the world.
• Total bilateral trade between Canada and Mercosur was $5.1 billion in 2009, while bilateral agricultural trade totalled $1.1 billion, with Canadian agricultural exports representing $0.16 billion.
Source: The Government of Canada