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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.


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FTAA will likely also give smaller countries longer transition times than larger countries--a trend already followed by subregional pacts like the Andean Pact.
The San Luis Potosi unit serves the North American Free Trade region, the Cali unit serves the Andean Pact region and the Buenos Aires plant serves the Common Market of the South region.
Leveraging a GDP of some $30 billion, Ecuador also will take advantage of Andean Pact trade preferences to increase exports, supporting growth in packaging and other ink market segments.
 
 
 
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