On 4 July 2006 the presidents of the member countries Mercosur (Argentina, Brazil,
Paraguay and Uruguay) signed a Protocol of Adhesion of Venezuela to Pres. Hugo Chávez of Venezuela. To ensure a full member of Mercosur after attending an associate member of Mercosur Dec 2004 Mercosur member countries that are members of the Venezuelan is vital to integration in the region. Because Venezuela is a country whose economic importance is ranked third in the South American region. And is the world's sixth largest oil producing countries include quantities of oil and natural gas reserves in the region. Membership of Venezuela's Mercosur group, resulting in an economy that has a population of 250 million people, representing 65 percent and 78 percent of regional GDP, however, that Venezuela will become a full member of Mercosur that. Venezuela will have to adjust the tax rules and trade policy to the same group, especially the adoption of Common External Tariff to the congressional each member must perform. Ratification certified Venezuela as a member. (Currently, only Brazil And Paraguay have not yet ratified).
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