Facilitating market development across Mercosur

The Southern Common Market (MERCOSUR) is a regional integration process involving Argentina, Brazil, Paraguay, and Uruguay, with Venezuela and Bolivia joining later—the latter is still in the process of accession and aims to create a shared space for business and investment through the competitive integration of national economies into the international market. MERCOSUR has formed various agreements with countries and groups worldwide, granting some the status of Associated States, which participate in its activities and enjoy trade preferences. The organisation is built on principles of democracy and economic development, addressing migration, labour, culture, and social matters to integrate citizens and productive sectors. MERCOSUR established the Fund for the Structural Convergence (FOCEM) to support regional development and funding projects to boost competitiveness and social cohesion and reduce member-state disparities. The bloc's territory covers nearly 15 million km², rich in natural resources, and a diverse population of over 295 million people. A key focus for MERCOSUR is the energy transition, moving towards sustainable energy sources to reduce carbon emissions and ensure energy security. This involves expanding renewable energy production, such as hydroelectric, wind, and solar power, supported by regional cooperation and investment in clean technologies. The energy transition aims to address climate change, enhance energy independence, and create new economic opportunities across member states.