Brazilian delegation approves Bolivia's accession into Mercosur
The Brazilian delegation to the Mercosur Parliament (Parlasul) approved this Wednesday (16) the text of the Protocol for the Accession of Bolivia, which will guide the country’s inclusion in the bloc.
The text was signed on 17 July 2015 during a summit meeting in Brasilia.
According to the Protocol, Bolivia will have four years from the effective date of the document to adopt the Mercosur Common Nomenclature, the bloc's Common External Tariff and the Mercosur Rules of Origin Regime. Senator Fatima Bezerra (PT-RN) was the rapporteur of the matter.
"The accession of Bolivia to Mercosur is a step of great importance for the consolidation of the South American integration process, as well as for the affirmation of Brazil's national interests in South America," she commented.
The proposal for inclusion of Bolivia has already been approved by Argentina, Uruguay and Paraguay. Brazil's acceptance is the only one missing. The Protocol will now be reviewed by the Chamber of Deputies’ Foreign Affairs and National Defence, Constitutionality and Justice, and Citizenship committees, after which it will proceed to the Senate.
Once Bolivia becomes a member, Mercosur will increase in size to 300 million inhabitants, distributed throughout 13.8 million km2, and have an accumulated GDP estimated at US$ 3.5 trillion.