‘MERCOSUR’ consists of group of countries of

MERCOSUR (Mercado Común del Sur or Southern Common Market) is a regional trade bloc formed by countries of South America—specifically the founding members Argentina, Brazil, Paraguay and Uruguay—aimed at promoting economic integration and intra-regional trade. The bloc’s identity and membership are explicitly South American, and it is commonly described as one of Latin America’s principal regional groupings, with additional South American states participating as associate or later members [1]. Given its composition and regional focus, MERCOSUR is correctly classified as consisting of countries of Latin America.

Sources

1. [1] https://asean.org/wp-content/uploads/Overview-of-ASEAN-MERCOSUR-Relations-as-of-21-July-2021.pdf