LAFTA
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Asociación Latinoamericana de Integración
Associação Latino-Americana de Integração Latin American Integration Association |
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|---|---|
Coat of arms
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|
 |
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| Administrative center | Montevideo, Uruguay |
| Working languages | |
| Type | Trade bloc |
| Membership | |
| Leaders | |
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• Secretary General
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Carlos Alvarez |
| Establishment | |
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• Treaty of Montevideo
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12 August 1980 |
| Area | |
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• Total
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35,262,114 km2 (13,614,778 sq mi) |
| Population | |
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• 2008 estimate
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515,722,726 |
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• Density
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14.6/km2 (37.8/sq mi) |
| Time zone | (UTC-3 to -8) |
|
Website
http://www.aladi.org |
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The Latin American Integration Association / Asociación Latinoamericana de Integración / Associação Latino-Americana de Integração (LAIA / ALADI) is an international and regional scope organization. It was created on 12 August 1980 by the 1980 Montevideo Treaty, replacing the Latin American Free Trade Association (LAFTA / ALALC). Currently, it has 13 member countries, and any of the Latin American States may apply for accession.
The development of the integration process developed within the framework of the ALADI aims at promoting the harmonious and balanced socio-economic development of the region, and its long-term objective is the gradual and progressive establishment of a Latin-American Common Market.
The ALADI promotes the establishment of an area of economic preferences within the region, in order to create a Latin-American common market, through three mechanisms:
The Relatively Less Economically Developed Countries of the region (Bolivia, Ecuador and Paraguay) benefit from a preferential system, through the lists of markets opening offered by the countries in favor of the Relatively Less Economically Developed Countries; special programs of cooperation (business rounds, pre-investment, financing, technological support); and countervailing measures in favor of the land-locked countries, the full participation of such countries in the integration process is sought. The ALADI includes in its legal structure the strongest sub-regional, plurilateral and bilateral integration agreements arising in growing numbers in the continent. As a result, the ALADI – as an institutional and legal framework or “umbrella” of the regional integration- develops actions in order to support and foster these efforts for the progressive establishment of a common economic space.
The 1980 Montevideo Treaty is open to the accession of any Latin-American country. On 26 August 1999, the first accession to the 1980 Montevideo Treaty was executed, with the incorporation of the Republic of Cuba as a member country of the ALADI. On 10 May 2012, the Republic of Panama became the thirteenth member country of the ALADI. Likewise, the accession of the Republic of Nicaragua was accepted in the Sixteenth Meeting of the Council of Ministers (Resolution 75 (XVI)), held on 11 August 2011. Currently, Nicaragua moves towards the fulfillment of conditions for becoming a member country of the ALADI. The ALADI opens its field of actions for the rest of Latin America through multilateral links or partial agreements with other countries and integration areas of the continent (Article 25). The Latin-American Integration Association also contemplates the horizontal cooperation with other integration movements in the world and partial actions with third developing countries or their respective integration areas (Article 27).
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Wikipedia