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International Business in Venezuela and Preparing for 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. 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 you 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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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. 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 you business as a result of their membership in MERCOSUR
*What adjustments will need to be made to your business as a result of this?

My business is that of making petroleum based lubricants in Venezuela. With the fact that Venezuela has joined the MERCOSUR, there are several opportunities that will be exploited by my company.

MERCOSUR is a regional trade agreement among Argentina, Brazil, Paraguay and Uruguay. There are associate members, namely Bolivia, Chile, Colombia, Ecuador and Peru. Even though Venezuela has signed the membership, it will be ratified and accepted only if the four countries, Argentina, Brazil, Paraguay and Uruguay, endorse its membership. MERCOSUR is the common market of Latin American. The objective of MERCOSUR is to increase the cooperation among the countries of South American. MERCOSUR is beneficial to the area in general because it has led to the reduction in tariffs and in large number of cases the elimination of tariffs in member countries. As a result of MERCOSUR, the trade among the countries has increased.

The drawback of countries joining MERCOSUR is that ...

Solution Summary

This solution discusses Mercosur with a hypothetical business making petroleum based lubricants in Venezuela in 905 words with eight online links for further information.

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