As per the given statement countries which are associate member of the Mercosur trading bloc are Bolivia, Chile, Colombia, Ecuador, Guyana, Peru, and Suriname
According to the Treaty of Asunción, which established Mercosur in 1991, the trade bloc's aim is to promote comprehensive economic integration of South America by enabling free trade among its member states. According to Katherine Hancy Wheeler, a research associate at the Council on Hemispheric Affairs, the trade bloc's "grand aim is to unify the Southern Cone and subsequently all of South America in one economic bloc." More trading security is provided by it. Brazil, Paraguay, Uruguay, Venezuela, Argentina, and Brazil are the other full members of Mercosur. Brazil is the largest economy in the area, with a GDP of around $800 billion.
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