Andean Common Market (ANCOM)
Marché commun andin
Mercado Común Andino
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History
as an ideal of F-XF4919 - Sistema Andino de Integración (SAI) and F-XD0055 - Andean Community and a precursor to the proposed U-XF6244 - Latin American Common Market. Progress so far includes: setting up of a 'Free Trade Zone -- Zona de Libre Comercio', 1 Oct 1992, following signature of Caracas Declaration, 18 May 1991, by Presidents of the 5 Andean countries; approval, 4 Mar 1993, by Decision 335 of the Commission of the T-XT6969 - Andean Subregional Integration Agreement (Cartagena Agreement), of 'Arancel Externo Común (AEC)'; deregulation of trade in goods; setting in motion the liberalization of trade in services; efforts focusing on free circulation of capital and persons; consideration by member countries of a draft protocol to the Cartagena Agreement to establish the Common Market. Andean countries are committed to establishing ANCOM by 2005 at latest.
Aims
Promote and accelerate integration and social and economic cooperation with a view to the balanced and harmonious development of member countries in equal conditions; create employment opportunities; facilitate participation in the regional integration process towards the 21st century by establishing norms and procedures with a view to a gradual formation of a Latin American common market.
Structure
Not an organization, rather an aim of the Community and its meetings of ministers and expert working groups.
Relations with Non-Governmental Organizations
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XF2431
Last News
2006
** UN SDGs are linked to the subject classification.
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