Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Common Market Council | Statement: [MERCOSUR, hasOrgan, Common Market Council]

Target entity: Common Market Council
Context triple: [MERCOSUR, hasOrgan, Common Market Council]

• A. Common Market
  The Common Market, formally known as the European Economic Community, was a regional organization that aimed to integrate the economies of its European member states through a common market and customs union, laying the groundwork for today’s European Union.
• B. Council for Trade in Goods
  The Council for Trade in Goods is a key World Trade Organization body that oversees the implementation and functioning of multilateral agreements governing international trade in goods.
• C. Business Council of the Pacific Alliance
  The Business Council of the Pacific Alliance is a regional private-sector body that brings together leading companies from member countries of the Pacific Alliance to promote trade, investment, and economic integration across Latin America and beyond.
• D. The Business Council
  The Business Council is an exclusive association of chief executives from leading U.S. corporations that meets to discuss and advise on major economic and public policy issues.
• E. General Council of the World Trade Organization
  The General Council of the World Trade Organization is the main decision-making body in the WTO between ministerial conferences, overseeing the day-to-day implementation and functioning of global trade agreements.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: Common Market Council
Triple: [MERCOSUR, hasOrgan, Common Market Council]

The Common Market Council is the principal decision-making body of MERCOSUR, composed of member states' foreign and economy ministers and responsible for setting the bloc’s overall policies and integration strategies.

Target entity: Common Market Council
Target entity description: The Common Market Council is the principal decision-making body of MERCOSUR, composed of member states' foreign and economy ministers and responsible for setting the bloc’s overall policies and integration strategies.

• A. Common Market
  The Common Market, formally known as the European Economic Community, was a regional organization that aimed to integrate the economies of its European member states through a common market and customs union, laying the groundwork for today’s European Union.
• B. Council for Trade in Goods
  The Council for Trade in Goods is a key World Trade Organization body that oversees the implementation and functioning of multilateral agreements governing international trade in goods.
• C. Business Council of the Pacific Alliance
  The Business Council of the Pacific Alliance is a regional private-sector body that brings together leading companies from member countries of the Pacific Alliance to promote trade, investment, and economic integration across Latin America and beyond.
• D. The Business Council
  The Business Council is an exclusive association of chief executives from leading U.S. corporations that meets to discuss and advise on major economic and public policy issues.
• E. General Council of the World Trade Organization
  The General Council of the World Trade Organization is the main decision-making body in the WTO between ministerial conferences, overseeing the day-to-day implementation and functioning of global trade agreements.
• F. None of above. chosen