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Benefits and drawbacks under MERCOSUR

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As a Venezuelan business owner (you may select the specific business of your choice), you are very interested in the fact that Venezuela has recently been accepted as an associate member of MERCOSUR (July, 2004). You need to prepare your operations in view of this new reality.

IN YOUR OWN WORDS: Develop a plan for your business that will be implemented as Venezuela becomes part of MERCOSUR. Your business plan should include the following:

* Benefits and drawbacks for the country of Venezuela as a result of their membership in MERCOSUR
* Benefits and drawbacks for your business as a result of their membership in MERCOSUR
* What adjustments will need to be made to your business as a result of this

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Solution Preview

My business is a software development firm.

The major benefit for the country will be increased bilateral trade with member nations due to establishment of this trade agreement. Venezuela will be able to explore trade opportunities with other member nations. My business will also benefit in the sense that I will be able to explore trade and growth opportunities in other member countries due to easy entry into those markets.

Venezuela will also benefit ...

Solution Summary

As a Venezuelan business owner (you may select the specific business of your choice), you are very interested in the fact that Venezuela has recently been accepted as an associate member of MERCOSUR (July, 2004). You need to prepare your operations in view of this new reality.

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