Latin American Integration Association
Latin American Integration Association Outline
LAFTA was a regional organization between the Latin American countries. It was established pursuant to the Montevideo Treaty in 1960. Its members included Argentina, Brazil, Chile, Mexico, Paraguay, Peru, Uruguay, Colombia, Ecuador, Venezuela and Bolivia. As its name suggests, the main function of LAFTA was to promote regional eco-nomic cooperation between its members. LAFTA was not successful in promoting the notion of free trade between its members. In 1981 it was replaced by the Latin American Integration Association (LAIA), which consists of Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela. The purpose of the LAIA is to establish an economic preference area and to progress to a Latin American common market. So far, the LAIA has not been successful in reaching its goals.(1)
Latin-american Integration Association
Embracing mainstream international law, this section on latin-american integration association explores the context, history and effect of the area of the law covered here.
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See Also
- International Organization
- Foreign Relations
- Intergovernmental Organization
- Regional Organization
- Regional Integration
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Further Reading
- The entry “latin-american integration association” in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press
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Notes
Latin American Integration Association (LAIA) or Asociacion Latino americana de Integracion (ALADI) in relation with International Trade
In the context of trade organizations, Christopher Mark (1993) provided the following definition of Latin American Integration Association (LAIA) or Asociacion Latino americana de Integracion (ALADI): A regional cooperation organization and preferential arrangement including Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela. LAIA was established by the Montevideo Treaty of 1980; it superseded the Latin American Free Trade Area (LAFI’ A), which was abandoned largely because of inflexible rules governing the integration process.
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