Latin American Integration Association

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Latin American Integration Association

(LAIA), organization formed in 1980 by Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela, taking over the duties of the Latin American Free Trade Association (LAFTA), which had been created in 1960 to establish a common market for its member nations through progressive tariff reductions until the elimination of tariff barriers by 1973. In 1969 the deadline was extended until 1980, at which time the plan was scrapped and the new organization, LAIA, created by the Treaty of Montevideo. It has the more limited goal of encouraging free trade, with no deadline for the institution of a common market. Economic hardship in Argentina, Brazil, and many other member nations has made LAIA's task difficult. The association's headquarters are in Montevideo, Uruguay.
References in periodicals archive ?
672 [hereinafter ALADI Treaty]; Marta Haines-Ferrari, MERCOSUR: A New Model of Latin American Economic Integration?
1041 [hereinafter Treaty of Asuncion]; see also ALADI Treaty, supra.
ALADI Treaty supra note 22 (creating ALADI); see PORRATA-DORIA, MARKET OF THE SOUTH, supra note 20, at 14 (discussing factors leading to LAFTA's failure); Mace, supra note 9, at 421 (exploring factors contributing to LAFTA's demise).
Cusco Declaration, supra note 3 (noting convergence of ALADI members).
21 (giving UNASUR authority to broker resolutions to inter-group disputes), with ALADI Treaty, supra note 22 (lacking dispute resolution mechanisms), and Cartagena Agreement, supra note 22, at [section]D (stating negotiation is chosen method of dispute settlement), and Treaty of Asuncion, supra note 22, at Annex III (stating "disputes .
Prior agreements such as Mercosur, ALADI, Latin American Free Trade Agreement (LAFTA), and others further complicate any extended NAFTA arrangement, because of the meshing difficulties of two different sets of trade disciplines.
In terms of economic integration, following the Group of Eight's 1989 reconfirmation of ALADI as an adequate vehicle, the Group's 1990 meeting in Mexico led to a situation of stagnation, with centrifugal forces predominating.
IMS/Business Wire Global was recently named the official news services for the three largest trade blocs in the region: Mercosur, The Andean Pact and ALADI.
SECOFI said its decision to impose tariffs of 23% on Ecuadoran tuna is justified under ALADI guidelines, which allow any signatory country to impose safeguards to protect its domestic market.