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A regional trade pact that includes Venezuela, Colombia, Ecuador, Peru, and Bolivia.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Andean Pacta 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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
Andean Pacta 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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005