Concept in Definition ABC

In recent years, Latin America has undergone a remarkable economic transformation. One of the factors What has most influenced this process has been the creation of supranational entities, such as Mercosur, ALBA or the Pacific Alliance. In the context of supranational alliances, in 1980 the Montevideo Treaty was signed for the founding of a new body, ALADI. Its acronym stands for Latin American Association of Integration.

Historical background and data of interest

After the end of World War II the group of Latin American nations found themselves with the need to promote the export of its raw materials, such as coffee, cocoa, meat or corn.

Before its foundation there were already organisms Similar, such as the Latin American Free Trade Association (ALALC) created in the first Montevideo Treaty in 1960.

A Latin American common market

The number of countries that make up ALADI are thirteen: Brazil, Bolivia, Argentina, Ecuador, Chile, Cuba, Colombia, Mexico, Panama, Uruguay, Peru, Paraguay and Venezuela. Its objective is to promote a common market similar to the European Union.

The strategy focuses on two general aspects:

1) gradually reduce tariffs that affect products originating in member countries and

2) implement regional agreements of a global or bilateral nature.

The principles that inspire ALADI are projected on very diverse areas and sectors, such as financial cooperation, customs control, preservation of environment, the promotion of tourism or the unification of technical standards.

An aspect of vital strategic importance is the progressive elimination of all those guidelines that hinder the exchange commercial. Along these lines, services have been set up to make the transport of goods more efficient and operational. These measures are intended to boost the export capacity of all member nations.

To promote a common market, regulatory standards related to foreign trade have been put in place. In this context, there are regulations on very diverse matters: on packaging and labeling, regulations quality, sanitary measures associated with the export of animals and plants, authorization of licenses from import, minimum price regimes or measures aimed at preserving the safety of people.

These and other standards are forming a new global framework to improve the economy of Latinamerica.