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Latin American Integration Association

The Latin American Integration Association / Asociaci??n Latinoamericana de Integraci??n / Associa????o Latino-Americana de Integra????o (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. Objectives 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 single market. Basic functions Promotion and regulation of reciprocal trade Economic complementation Development of economic cooperation...

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wikidata.org 0 views · 2024-12-26 20:38:58

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