Latin American Integration Association

Infobox Organization
name = Asociación Latinoamericana de Integración Latin American Integration Association
image_border = aladi.gif
caption = ALADI logo
map

mcaption =
headquarters = Montevideo, Uruguay
membership = Argentina, Bolivia, Brazil, Cuba, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela
general = Didier Opertti
language = Spanish, Portuguese
formation = 1980
website = http://www.aladi.org

The Asociación Latinoamericana de Integración (the Latin American Integration Association; known as ALADI or, occasionally, by the English acronym LAIA) is a Latin American trade integration association, based in Montevideo. Its main objective is the establishment of a common market, in pursuit of the economic and social development of the region. Its members are Argentina, Bolivia, Brazil, Cuba, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela.

History

The 1980 Montevideo Treaty, signed on August 12 1980, is the global legal framework that establishes and governs ALADI. It sets the following general principles: pluralism, convergence, flexibility, differential treatment and multiplicity.

Methods

The ALADI promotes the creation of an area of economic preferences in the region, aiming at a Latin American common market, through three mechanisms:

*Regional tariff preference granted to products originating in the member countries, based on the tariffs in force for third countries
*Regional scope agreement, among member countries
*Partial scope agreements, between two or more countries of the area

Either regional or partial scope agreements may cover tariff relief and trade promotion; economic complementation; agricultural trade; financial, fiscal, customs and health cooperation; environmental conservation; scientific and technological cooperation; tourism promotion; technical standards and many other fields.

As the Montevideo Treaty is a "framework treaty", by subscribing to it, the governments of the member countries authorize their representatives to legislate through agreements on the economic issues of greatest importance to each country.

A system of preferences — which consists of market opening lists, special cooperation programs (business rounds, preinvestment, financing, technological support) and countervailing measures on behalf of the landlocked countries — has been granted to the countries deemed to be less developed (Bolivia, Ecuador and Paraguay), to favour their full participation in the integration process.

Entry

Any Latin-American country can join the 1980 Montevideo Treaty. Cuba was the last to accede, becoming a full member on August 26, 1999. In addition, ALADI is also open to all Latin American countries through agreements with other countries and integration areas of the continent, as well as to other developing countries or their respective integration areas outside Latin America.

imilar Organizations and Cooperation

As the institutional and normative "umbrella" of regional integration that shelters these agreements as well as the subregional ones (Andean Community, MERCOSUR, G-3 Free Trade Agreement, Bolivarian Alternative for the Americas, etc.) it is the aim of the Association to support and favour every effort in order to create a common economic area.

External links

* [http://www.aladi.org/NSFALADI/SITIO.NSF/INICIO ALADI web site]
* [http://www.worldtradelaw.net/fta/agreements/laiafta.pdf LAIA Free Trade Agreement]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Latin American Integration Association — ▪ international organization Spanish  Asociación Latinoamericana de Integración (ALADI)        organization that was established by the Treaty of Montevideo (August 1980) and became operational in March 1981. It seeks economic cooperation among… …   Universalium

  • Latin American Integration Association — LAIA; ALADI An economic grouping of South American countries with headquarters in Montevideo. It superseded the Latin American Free Trade Area (LAFTA) in 1981. Its members are Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, Mexico,… …   Big dictionary of business and management

  • Latin American Integration Association — noun an organisation for economic cooperation set up in 1980 by Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela. Abbrev.: LAIA …   Australian English dictionary

  • Latin American Integration Association (LAIA) — formerly (until 1980) Latin American Free Trade Association (LAFTA) International association of Latin American countries originally dedicated to improving its members economic well being through free trade. At its founding in 1960 LAFTA included …   Universalium

  • Latin American Integration Association (LAIA) — ⇡ ALADI …   Lexikon der Economics

  • Latin American Free Trade Association — The Latin American Free Trade Association, LAFTA, (later transformed into the Latin American Integration Association or Asociación Latinoamericana de Integración) was created in 1960 in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile,… …   Wikipedia

  • Latin American architecture — Introduction       history of architecture in Mesoamerica, Central America, South America, and the Caribbean beginning after contact with the Spanish and Portuguese in 1492 and 1500, respectively, and continuing to the present.       For… …   Universalium

  • Central American Integration System — Sistema de Integración Centroamericana Central American Integration System …   Wikipedia

  • Community of Latin American and Caribbean States — Community of Latin American and Caribbean States. Total population: 591.662 million (2011) Total area: 20.438 million sq km Density: 28.95/sq km The Community of Latin American and Caribbean States (Spanish: Comunidad de Estados Latinoamericanos… …   Wikipedia

  • Latin America — Latin American redirects here. For Latin American people, see Latin Americans. Latin America Area 21,069,501 km2 (8,134,980 sq mi) Population 572,039,894 …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”