In-depth: 30 years ago, Mercosur’s creation put an end to the historic tensions between Brazil and Argentina

In December 1985, Brazilian President José Sarney and Argentine President Raúl Alfonsín signed the Iguaçu Declaration, the basis for economic integration of the so-called Southern Cone.

RIO DE JANEIRO, BRAZIL - This month marks 30 years since the presidents of Brazil, Argentina, Uruguay, and Paraguay, meeting in Asunción, signed the document creating Mercosur.

From this act, a regional bloc was born, which today, if it were a single country, would emerge as the 9th largest economy on the planet. Brazil alone is the 12th largest economy in the world, according to International Monetary Fund (IMF) statistics.

Documents kept in the Senate Archive show that the senators, from Brasilia, followed with attention the historic international ceremony of March 26, 1991, in which Fernando Collor, Carlos Menem, Luis . . .

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