Latin American Integration Association

(redirected from Asociacion Latinoamericana de Integracion)
Also found in: Dictionary, Financial, Acronyms.
Related to Asociacion Latinoamericana de Integracion: Latin American Integration Association, ALALC, Aladi

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.
The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/
References in periodicals archive ?
Los esfuerzos para despejar las fronteras de cualquier sombra de indefinicion limitrofe resultaron armonicos, al aumentar los intercambios economicos y de inversiones alentados por los acuerdos de complementacion economica suscritos por ambos paises en el marco de la Asociacion Latinoamericana de Integracion (ALADI) y posteriormente, de la asociacion de Chile al Mercosur, en 1996.
En terminos historicos, la experiencia fue frustrante: la Comision Especial de Coordinacion Latinoamericana (CECLA), concebida como un mecanismo diplomatico de articulacion regional, tuvo una vida efimera; los dos pilares de la integracion economica --la Asociacion Latinoamerica de Libre Comercio (ALALC) y la Asociacion Latinoamericana de Integracion (ALADI)-- estan, de facto, difuntos; mientras que el importante espacio de consulta y cooperacion economica --el Sistema Economico Latinoamericano (SELA)-- ha colapsado.

Full browser ?