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Its conception is clearly inspired by the role model of the European Union.
1 HISTORICAL BACKGROUND
In the 50s, Latin America was already beginning to take its first steps towards regional integration.
MERCOSUR is the culmination of the process that begun with the signing of a treaty in 1960 that created the Latin American Free Trade Association (ALALC). The goal behind this treaty was to create a free trade zone in Latin America. Unfortunately, the goal could not be realized during the 1970's, when most of the member states were military dictatorships.
Though not achieved, the dream of a Latin American free trade zone had survived...
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