All of the following statements are true regarding Mercosur EXCEPT that:
A. it is the second-largest common-market agreement in the Americas after NAFTA.
B. the Treaty of Asunción provided the legal basis for Mercosur.
C. it is the most influential and successful free trade area in South America.
D. Mexico has observer status in Mercosur.
E. Germany is a member of Mercosur.
Answer: Germany is a member of Mercosur.