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- Latin_American_Free_Trade_Association abstract "The Latin American Free Trade Association, LAFTA, (later transformed into the Latin American Integration Association Spanish: Asociación Latinoamericana de Integración, Portuguese: Associação Latino-Americana de Integração) was created in 1960 in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay. The signatories hoped to create a common market in Latin America and offered tariff rebates among member nations. In 1980, LAFTA reorganized into the Latin American Integration Association (ALADI) which now has 13 members: Argentine Republic, Republic of Bolivia, Federative Republic of Brazil, Republic of Chile, Republic of Colombia, Republic of Cuba, Republic of Ecuador, United Mexican States, Republic of Panama, Republic of Paraguay, Republic of Peru, Eastern Republic of Uruguay and Bolivarian Republic of Venezuela.The Latin American Free Trade Association came into effect on January 2, 1962. When the trade association commenced it had seven members and its main goal was to eliminate all duties and restrictions on the majority of their trade within a twelve-year period. By the late 1960s the area of LAFTA had a population of 220 million and produced about $90 billion of goods and services annually. By the same time it had an average per capita gross national product of $440.By 1970, LAFTA expanded to include four more Latin American nations which were Bolivia, Colombia, Ecuador, and Venezuela. It now consisted of eleven nations.In 1980, LAFTA reorganized into the Latin American Integration Association (Asociación Latinoamericana de Integración, ALADI)The membership of ALADI had remained unchanged until Cuba joined in 1999.The goal of the LAFTA is the creation of a free trade zone in Latin America. It should foster mutual regional trade among the member states, as well as with the U.S. and the European Union. To achieve these goals, several institutions are foreseen:the council of foreign ministers a conference of all participating countries a permanent council The LAFTA agreement has important limitations: it only refers to goods, not to services, and it does not include a coordination of policies. Compared e.g. to the European Union the political and economic integration is very limited.LAFTA brought many new positive changes to Latin America. With LAFTA in place existing productive capacity could be used more fully to supply regional needs, industries could reduce costs as a result of potential economies through expanded output and regional specialization, and attraction to new investment occurred as a result of the regional market area.Although LAFTA has brought many constructive results, it has also brought problems to individual nations as well as to Latin America as a whole. Some of the problems which the individual countries face are the way they are grouped together by their economic strengths according to LAFTA. The grouping was originally Brazil and Argentina in one group, Colombia, Chile, Peru, Uruguay, and Venezuela in the second group, and the last group which included Bolivia, Ecuador, and Paraguay. There is a problem in these classifications because these countries are very different economically as well as in other aspects which the classification does not take into account.Problems which Latin America faced as a whole had to deal with many of the nations in the continent being underdeveloped. The Free Trade Agreement was seen as a way of the countries having greater economic interactions amongst each other and thus improving the economic state of the poorer nations.ALADI is now the largest Latin-American group of integration. It covers more than 20 million sq kilometres and more than 493 million people. It is responsible for regulations on foreign trade which includes regulations on technical measures, sanitary regulations, environment protection measures, quality control measures, automatic licensing measures, price control measures, monopolistic measures, as well as other measures. These regulations are put into place in order for trade to be even handed amongst members of ALADI.".
- Latin_American_Free_Trade_Association wikiPageID "2599029".
- Latin_American_Free_Trade_Association wikiPageLength "5401".
- Latin_American_Free_Trade_Association wikiPageOutDegree "33".
- Latin_American_Free_Trade_Association wikiPageRevisionID "667356374".
- Latin_American_Free_Trade_Association wikiPageWikiLink Argentina.
- Latin_American_Free_Trade_Association wikiPageWikiLink Bolivia.
- Latin_American_Free_Trade_Association wikiPageWikiLink Brazil.
- Latin_American_Free_Trade_Association wikiPageWikiLink Category:Latin_America.
- Latin_American_Free_Trade_Association wikiPageWikiLink Category:Trade_blocs.
- Latin_American_Free_Trade_Association wikiPageWikiLink Chile.
- Latin_American_Free_Trade_Association wikiPageWikiLink Colombia.
- Latin_American_Free_Trade_Association wikiPageWikiLink Cuba.
- Latin_American_Free_Trade_Association wikiPageWikiLink Ecuador.
- Latin_American_Free_Trade_Association wikiPageWikiLink European_Union.
- Latin_American_Free_Trade_Association wikiPageWikiLink Free_trade.
- Latin_American_Free_Trade_Association wikiPageWikiLink Latin_America.
- Latin_American_Free_Trade_Association wikiPageWikiLink Latin_American_Integration_Association.
- Latin_American_Free_Trade_Association wikiPageWikiLink Mexico.
- Latin_American_Free_Trade_Association wikiPageWikiLink Panama.
- Latin_American_Free_Trade_Association wikiPageWikiLink Paraguay.
- Latin_American_Free_Trade_Association wikiPageWikiLink Peru.
- Latin_American_Free_Trade_Association wikiPageWikiLink United_States.
- Latin_American_Free_Trade_Association wikiPageWikiLink Uruguay.
- Latin_American_Free_Trade_Association wikiPageWikiLink Venezuela.
- Latin_American_Free_Trade_Association wikiPageWikiLinkText "Latin American Free Trade Association".
- Latin_American_Free_Trade_Association wikiPageUsesTemplate Template:Lang-es.
- Latin_American_Free_Trade_Association wikiPageUsesTemplate Template:Lang-pt.
- Latin_American_Free_Trade_Association subject Category:Latin_America.
- Latin_American_Free_Trade_Association subject Category:Trade_blocs.
- Latin_American_Free_Trade_Association type Bloc.
- Latin_American_Free_Trade_Association comment "The Latin American Free Trade Association, LAFTA, (later transformed into the Latin American Integration Association Spanish: Asociación Latinoamericana de Integración, Portuguese: Associação Latino-Americana de Integração) was created in 1960 in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay. The signatories hoped to create a common market in Latin America and offered tariff rebates among member nations.".
- Latin_American_Free_Trade_Association label "Latin American Free Trade Association".
- Latin_American_Free_Trade_Association sameAs Q3304607.
- Latin_American_Free_Trade_Association sameAs Asociación_Latinoamericana_de_Libre_Comercio.
- Latin_American_Free_Trade_Association sameAs LAFTA.
- Latin_American_Free_Trade_Association sameAs Association_latino-américaine_de_libre-échange.
- Latin_American_Free_Trade_Association sameAs ラテンアメリカ自由貿易連合条約.
- Latin_American_Free_Trade_Association sameAs Stowarzyszenie_Wolnego_Handlu_Ameryki_Łacińskiej.
- Latin_American_Free_Trade_Association sameAs Associação_Latino-Americana_de_Livre_Comércio.
- Latin_American_Free_Trade_Association sameAs m.07qsb2.
- Latin_American_Free_Trade_Association sameAs ALALC.
- Latin_American_Free_Trade_Association sameAs Latin_Amerika_Serbest_Ticaret_Birliği.
- Latin_American_Free_Trade_Association sameAs Q3304607.
- Latin_American_Free_Trade_Association wasDerivedFrom Latin_American_Free_Trade_Association?oldid=667356374.
- Latin_American_Free_Trade_Association isPrimaryTopicOf Latin_American_Free_Trade_Association.