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.