Q. Recently, which country became a full-time member of MERCOSUR groupings to increase trades with member countries?
Answer:
Bolivia
Notes: Bolivia recently became a full-time member of MERCOSUR to enhance trade with member countries. MERCOSUR, the Southern Common Market, is an economic and political bloc in Latin America, originally comprising Argentina, Brazil, Paraguay, and Uruguay. Bolivia and Venezuela later joined, though Venezuela was suspended in 2016. Established in 1991 by the Treaty of Asunción, MERCOSUR promotes economic integration, free trade, and movement of goods, services, and people. The Common Market Council is its highest decision-making body. Spanish and Portuguese are its official languages. India and MERCOSUR signed a Preferential Trade Agreement in 2004.