Latin American Integration Association (LAIA)
Association latinoaméricaine d'intégration (ALADI)
Asociación Latinoamericana de Integración (ALADI)
Associação Latino-Americana de Integração (ALADI)
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Established 12 Aug 1980, Montevideo (Uruguay), when the new Montevideo Treaty 1980 was signed by the Ministers of Foreign Affairs of 11 Latin American countries. Replaced the former Latin American Free Trade Association (LAFTA), which entered into force 2 June 1961, following ratification of the first Montevideo Treaty, signed 18 Feb 1960. LAIA entered into force 18 Mar 1981, after deposit of the first 3 ratification instruments by the signatory Governments. The new Montevideo Treaty, which has an indefinite duration, introduces fundamental changes to the orientation of the regional integration process. It is open to all Latin American nations and extends its scope of action to the rest of Latin America through multilateral links or partial agreements with other countries or integration movements in the continent. Similarly, the Treaty foresees horizontal cooperation with other integration schemes of the world.
Support the creation of an area of economic preferences in the region, with the ultimate goal of a Latin American common market.Available with paid subscription only.
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Members in 13 countries
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