Andean Pact


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Andean Pact

A regional trade pact that includes Venezuela, Colombia, Ecuador, Peru, and Bolivia.

Andean Community

An international trade organization consisting of Bolivia, Colombia, Ecuador, and Peru, along with some associate and observer countries also located in Latin America. It was established in 1969; in 1992, member nations signed a free trade agreement.

Andean Pact

a regional alliance originally formed in 1969 with the general objective of establishing a ‘common market’ (see TRADE INTEGRATION entry for details). The original members of the Andean Pact were Peru, Chile, Ecuador, Columbia and Bolivia. However, by the mid 1980s it had all but collapsed due to various economic and political instabilities. The Pact was re-launched in 1990 minus Chile but with a new member Venezuela.

Andean Pact

a regional alliance originally formed in 1969 with the general objective of establishing a COMMON MARKET. The current members of the Andean Pact are Peru, Chile, Ecuador, Columbia and Bolivia. By the mid 1980s, however, it had all but collapsed because of various economic and political instabilities. The Pact was relaunched in 1990 minus Chile but with a new member, Venezuela, renewing its commitment to the eventual introduction of a common market. See TRADE INTEGRATION.
References in periodicals archive ?
We expect that the assistance of a strategic partner such as ServiTRACK will help us build sales in Venezuela and other Andean Pact countries, and that we will be able to establish a firm foundation in that important market.
Petco, the largest suspension and specialty PVC resin producer in the Andean Pact region, will be the primary supplier of PVC resins to the compound joint venture.
CyberSource and its leading suite of eCommerce services will enable us to provide a complete, high-quality eCommerce solution throughout the Andean Pact countries and put Latin America on the eCommerce map.
is the only manufacturer of fiberglass in the Andean Pact, and one of only three manufacturers of fiberglass in South America.
We've moved into Venezuela to serve our customers throughout the Andean Pact, as well as places where our global customers are expanding the operations," said Heilman.
Vic De Zen commented that, "the plant will produce housing components for the Andean Pact countries, being Venezuela, Colombia, Ecuador, Peru and Bolivia.
As a result, Renner DuPont will improve its position throughout South America, including Andean Pact countries of Colombia, Ecuador and Venezuela.
The agreement will serve the Andean Pact nations which include Venezuela, Peru, Ecuador, Argentina, Panama and Colombia.
Iridium Andes-Caribe, representing investors from the countries of the Andean Pact, had previously committed to an investment of $40 million in Iridium, Inc.
The success of the Andean Pact Free Trade Agreement and the movement toward more open trade throughout the Americas will provide additional opportunities for the new manufacturing facility.
Vimosa commenced commercial production in November, 1990 and has grown to be a very significant exporter of flat glass products to Andean Pact countries, Brazil, Argentina, the United States, and Europe.
Cases such as Chile, Mexico and the Andean Pact countries demonstrate that falseness of the pretended benefits of the monopolistic patent system that they try to impose the closure of pharmaceutical plants, the loss of job sources, the increase in prices which are beginning to manifest themselves, and the growing deficit in the trade balance are the most evident signs of the effects that this strategy of market domination will have;