Which countries make up the Mercosur trade agreement?

1. Mercosur is a trade agreement among South American nations. 2. Its members are Peru, Brazil, Argentina, Uruguay and Paraguay. 3. Most tariffs among the trading partners have been eliminated. 4. That elimination has produced trade revenues that exceed 16 billion dollars annually. 5. The other groupings listed are not the membership of Mercosur. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.5 International Economic Communities_