The EU and also the Southern Common marketplace (Mercado ComГєn del Sur, Mercosur), started in 1991, have actually maintained institutional relations since 1992. In 1995, they finalized an Interregional Framework Agreement, developing regular governmental discussion and aiming goals and arrangements for trade and cooperation that is economic.

Negotiations on a connection contract, including governmental discussion, cooperation and free trade, were only available in 1999. Continue reading →