LATIN AMERICA Presentation

8/13/2019 LATIN AMERICA Presentation

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Presented By:

MOHD REHAN

MBA-IInd SEM.

SEC-A

Roll NO.- 28


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Regional trade blocs has been one of the majordevelopments in international relations in recent

years.More or less all the countries are members of abloc.

Nearly two-thirds of world trade takes placewithin such agreements.

Important regional trade networks within LatinAmerica are LAIA, MERCOSUR, ANCOM, UNASUR.


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There are four basic types of regional economicintegration-

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

whose member countries eliminates tariffs, importquotas, and preferences on goods and servicestraded between them.

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

composed of a free trade area with a commonexternal tariff.


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3. Common marketIt is composed of a free trade

area with common policies on product regulation,and freedom of movement of the factors ofproduction(capital and labor) andof 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.


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LAIA MERCOSUR ANCOM

ALBA UNASUR The G-3


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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 August1980).

It is a free trade economic integration.

Covers various aspects such as tariff relief

trade promotion;agricultural trade;

financial cooperation etc.


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Its members are Argentina, Brazil, Paraguay,Uruguay,Venezuela.

Established by the Treaty of Asuncin(26 March1991).

It aims at establishing the free circulation of goods, servicesand factors of production.

adopting a common tariff and trade policy.harmonizing domestic legislation.


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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.


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Its members Cuba, Venezuela, Bolivia, Ecuador,

Nicaragua, Dominica, St Vincent and the Grenadines,Antigua and Barbuda.

Established as CubaVenezuela Agreement on 14December 2004.

It comprises trade facilities and complementarities inthe energy sector.

ALBA Bank was also created.


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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


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Members- Colombia, Mexico, and Venezuela.

It was a free trade agreement.

Agreement states a ten percent tariff reductionover ten years (starting in 1995) for the trade ofgoods and services among its members.

Venezuela decided to abandon the group in 2006so the group was dismantled.


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Regional integrations are helping LatinAmerica in achieving economic and socialgrowth.

It is an extremely interesting prospect forinvestors across the globe.

The potential of economic growth for Latin

America is enormous but conflicts should beresolved between the countries in order to havea dominant position in the world economy.


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LATIN AMERICA Presentation

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