The second generation agreements with the
Andean Pact countries were known as cooperation agreements.
By 1990, the
Andean Pact process focused on redressing the social and economic woes caused in the region by the US-fueled drug trade.
In the 1980s the
Andean Pact came to be named 'Andean Group', and since 1996 its official name was transformed into the current 'Andean Community.
The Andean region has also undergone institutional reform, sealed in 1996 with the Protocol of Trujillo, which substituted the
Andean Pact with the Andean Community and created the Andean Integration System.
The
Andean Pact nations--Bolivia, Peru, Columbia, Ecuador and Venezuela--have had their own "common market" for years though it has never functioned well for many reasons, economic and political.
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.
Table 1 presents the results from four different scenarios, the accession to NAFTA of, Chile, the
Andean Pact (Ecuador, Peru, Venezuela, Colombia, and Bolivia), Mercosur (Brazil, Argentina, Paraguay, and Uruguay), and a Western Hemisphere FTA including all countries in the first three groups.
Finally, NAI reported that in Latin America and the Caribbean, the outlook for investment is strong in Mexico, Brazil, Chile,
Andean Pact countries and the Caribbean markets.
There are a handful of other agreements whose dispute settlement procedures changed over time--namely the
Andean Pact, Central American Common Market (CACM), Common Market of the South (MERCOSUR), AFTA, and a few bilateral EFTA agreements.
For Argentina, this translates to a membership in the Mercosur, while Colombia is a member of the
Andean Pact.
Fluid Containment Andina will manufacture single wall and double wall fiberglass underground tanks for the storage of petroleum and water for the countries of the
Andean Pact nations, including Venezuela, Colombia, Ecuador and Peru.
Commerce Secretary Ron Brown illustrated the United States' good intentions, however vague, when he described the Denver Declaration as a plan "to weave NAFTA, MERCOSUR, the
Andean Pact,(30) and the hemisphere's many multilateral and unilateral market-opening initiatives into a seamless tapestry of trade.
