Andean Community


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Related to Andean Community: Caricom, Mercosur

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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The European Union in its 2007-2013 Strategy Paper on the region, earmarked 50 million euros for the Andean Community. The Strategy Paper focused on three priority sectors: Social cohesion, regional economic integration and the fight against illicit drugs.58
The weakening of the Andean Community of nations, as a result of disputes between Venezuela and its other members, did not mean the strenghtening of the Bolivarian integration nor the strenghtening of Venezuela within regional community.
Most of the CJAC's activities have dealt with intellectual property, specifically the interpretation of Decision 486 of 2000, which is the governing document for intellectual property in the Andean Community. The Court has issued over 1,500 rulings (more than 90 percent of which involve intellectual property rights disputes).
While the structure of the Andean Community is impressive and close to the ground, there have been significant problems that call into question its functionality.
Trade Policy in Latin America and the Caribbean Role of Trade Promotion Authority North American Free Trade Agreement (NAFTA) U.S.-Chile FTA Central America--Dominican Republic Free Trade Agreement U.S.-Andean FTA U.S.-Panama FTA Free Trade Area of the Americas (FTAA) Regional Integration Initiatives in the Americas Mexico Canada Southern Common Market (Mercosur) Andean Community of Nations (CAN) Central American Common Market (CACM) Caribbean Community (CARICOM) South American Community of Nations (CSN) Policy Issues and Implications Continuation of Bilaterals and Regional Trade Agreements Completion of an FTAA Trade Integration and U.S.
At the International Summit of the Americas in Quito, Ecuador, on June 8th 2004, (12) the General Secretary of the Andean Community also named "attracting investment through long-term stability" as one of the Andean challenges, next to "access to markets under differential conditions."
They include, in historical order, the Central American Common Market (CACM), the Andean Community, Mercosur, and the North American Free Trade Agreement (NAFTA).
LatinPharma 2003 focused on fostering strategic alliances between pharmaceutical companies and producers of natural medicinal products in the Andean Community. The two are obvious partners in the region: pharmaceutical companies have the production capacity, marketing know-how, access to financial markets and distribution channels--but they are operating below capacity, due to competition from multinational drug firms.
The Andean Community recently stipulated that when a patent is granted for inventions based on the biological or genetic heritage or knowledge of local communities, the patent "shall be subordinated" to the acquisition of that material in accordance with international, Andean Community and national law.
Trade within the Andean Community (CAN) is on the rise, yet the community is functioning far below its potential.
ASEAN will also invite representatives from the Southern African Development Cooperation and the Andean Community of five Latin American nations to attend the AMM's opening ceremonies, Surin added.
It has also persuaded its Andean Community partners--Ecuador, Bolivia, Venezuela and Colombia--that its claim to the name is superior to Chile's.