Trade and economic cooperation in America

Date: 2015-10-07; view: 413.

Theme of the lecture № 12.

Thesis:

The North American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, Brooks Bebon, and the United States, creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the Canada–United States Free Trade Agreement between the U.S. and Canada.

NAFTA has two supplements: the North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC).

The Asociación Latinoamericana de Integración (Latin American Integration Association; known as ALADI or, occasionally, by the English acronym LAIA) is a Latin American trade integration association based in Montevideo, Uruguay. Its main objective is the establishment of a common market, in pursuit of the economic and social development of the region. Signed on August 12, 1960, the Montevideo Treaty is an international legal framework that establishes and governs the Latin American Integration Association. It sets the following general guidelines regarding trade relations between signatory countries: pluralism, convergence, flexibility, differential treatment and multiplicity.

The Amazon Cooperation Treaty Organization (ACTO) is an international organization aimed at the promotion of sustainable development of theAmazon Basin. Its member states are: Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela. The Amazon Cooperation Treaty (ACT) was signed on 3 July 1978 and amended in 1998. ACTO was created in 1995 to strengthen the implementation of the Treaty. The Permanent Secretariat was later established in Brasilia in 2002.

The Andean Community (Spanish: Comunidad Andina, CAN) is a customs union comprising the South American countries of Bolivia,Colombia, Ecuador and Peru. The trade bloc was called the Andean Pact until 1996 and came into existence with the signing of the Cartagena Agreement in 1969. Its headquarters are located in Lima, Peru.

Mercosur or Mercosul (Spanish: Mercado Común del Sur, Portuguese: Mercado Comum do Sul, Guarani: Ñemby Ñemuha, English: Southern Common Market) is an economic and political agreement among Argentina, Brazil, Paraguay, Uruguay, and Venezuela; with Bolivia becoming an accessing member on 7 December 2012 to be ratified by the Member State's legislatures.

Literature: 1-36.