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LATIN AMERICA Presentation

1) Regional trade blocs have become a major development in international relations, with most countries belonging to a bloc. Nearly two-thirds of world trade occurs within these agreements. 2) There are four main types of economic integration: free trade areas, customs unions, common markets, and economic unions. The document provides examples of each. 3) The document outlines several major regional trade agreements in Latin America, including LAIA, MERCOSUR, ANCOM, ALBA, UNASUR, and the G-3. It summarizes the participating countries and goals of each agreement.

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80 views13 pages

LATIN AMERICA Presentation

1) Regional trade blocs have become a major development in international relations, with most countries belonging to a bloc. Nearly two-thirds of world trade occurs within these agreements. 2) There are four main types of economic integration: free trade areas, customs unions, common markets, and economic unions. The document provides examples of each. 3) The document outlines several major regional trade agreements in Latin America, including LAIA, MERCOSUR, ANCOM, ALBA, UNASUR, and the G-3. It summarizes the participating countries and goals of each agreement.

Uploaded by

Ryan King
Copyright
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We take content rights seriously. If you suspect this is your content, claim it here.
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Presented By:

MOHD REHAN MBA-IInd SEM. SEC-A Roll NO.- 28

Regional trade blocs has been one of the major

developments in international relations in recent years. More or less all the countries are members of a bloc. Nearly two-thirds of world trade takes place within such agreements. Important regional trade networks within Latin America are LAIA, MERCOSUR, ANCOM, UNASUR.

There are four basic types of regional economic integration-

1. Free trade area- A free-trade area is a trade bloc


whose member countries eliminates tariffs, import quotas, and preferences on goods and services traded between them.

2. Customs union- It is a trade bloc which is


composed of a free trade area with a common external tariff.

3. Common market It is composed of a free trade


area with common policies on product regulation, and freedom of movement of the factors of production(capital and labor) and of enterprise and services.

4. Economic union-It is composed of a common


market with a customs union. The member countries have a common external trade policy. The countries often share a common currency. eg. European Union.

LAIA

MERCOSUR

ANCOM

ALBA

UNASUR

The G-3

Its members are Argentina, Bolivia, Brazil, Chile,

Colombia, Cuba, Ecuador, Mexico,Peru,Nicargua , Panama, Paraguay, Uruguay and Venezuela. Established by The Treaty of Montevideo(12 August 1980). It is a free trade economic integration. Covers various aspects such as tariff relief trade promotion;agricultural trade; financial cooperation etc.

Its members are Argentina, Brazil, Paraguay,

Uruguay,Venezuela. Established by the Treaty of Asuncin(26 March 1991). It aims at establishing the free circulation of goods, services and factors of production. adopting a common tariff and trade policy. harmonizing domestic legislation.

Its members Bolivia, Colombia, Ecuador and Peru. Established-as the Andean Pact in 1969. It is a customs union.

Its objectives are :


economic and social cooperation. growth and job creation.

the gradual formation of a Latin American

common market.

Its members Cuba, Venezuela, Bolivia, Ecuador,

Nicaragua, Dominica, St Vincent and the Grenadines, Antigua and Barbuda. Established as CubaVenezuela Agreement on 14 December 2004. It comprises trade facilities and complementarities in the energy sector. ALBA Bank was also created.

Its members are Argentina,Bolivia,Brazil,Chile,Chile,

Colombia, Ecuador, Guyana, Peru,Paraguay, Suriname, Uruguay, and Venezuela. Established-Cusco Declaration(8 December 2004). Its objectives are: Economic development Infrastructure cooperation Free movement of peoples Creation of Single market

Members- Colombia, Mexico, and Venezuela. It was a free trade agreement. Agreement states a ten percent tariff reduction over ten years (starting in 1995) for the trade of goods and services among its members. Venezuela decided to abandon the group in 2006 so the group was dismantled.

Regional integrations are helping Latin

America in achieving economic and social growth. It is an extremely interesting prospect for investors across the globe. The potential of economic growth for Latin America is enormous but conflicts should be resolved between the countries in order to have a dominant position in the world economy.

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