Brazil is part of the Southern Common Market (Mercosur). This South American trade bloc was established by the Treaty of Asunción (1991) and the Protocol of Ouro Preto (1994). Besides Brazil, Mercosur’s full members are: Argentina, Paraguay, and Uruguay. A former full member, Venezuela has been suspended since 1 December 2016. Associate countries are Bolivia, Chile, Colombia, Ecuador, Guyana, Peru and Suriname. Currently, Mercosur is a customs union. It has signed free trade agreements with Israel, Egypt, among others. Brazil is part of Mercosur’s Competition Defense Agreement (Legislative Decree 150/2016) (Cf. https://www.gov.br/cade/pt-br/assuntos/internacional/cooperacao-multilateral/mercado-comum-do-sul/ https://www2.camara.leg.br/legin/fed/decleg/2016/decretolegislativo-150-15-dezembro-2016-784034-acordo-151563-pl.html)