The Cusco Declaration, formally titled, Preamble to the Foundation Act of the South American Union, is a two-page declaration of intent signed by 12 South American countries during the Third South American Summit, on December 8, 2004, in Cusco, Peru, announcing the foundation of the South American Community of Nations. South America is a Continent of the Americas, situated entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a The 2004 South American Summit &ndash the third of its kind after earlier events in Brasília ( September 2000) and Guayaquil ( July 2002 Events 1609 - Biblioteca Ambrosiana opens its reading room the second public library of Europe. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " ||} Cusco (also spelled Cuzco, and in the local Quechua language as Qusqu 'qos Peru (Perú Piruw Piruw officially the Republic of Peru ( reˈpuβlika del peˈɾu is a country in western South America. __FORCETOC__The Union of South American Nations (Unión de Naciones Suramericanas - UNASUR, União de Nações Sul-Americanas - UNASUL, Unie van Zuid-Amerikaanse Naties It called for a regional parliament, a common market and a common currency.