Andean Subregional Integration Agreement (Cartagena Agreement)
Accord d'intégration sous-régionale andine (Accord de Carthagène)
Acuerdo de Integración Subregional Andina (Acuerdo de Cartagena)
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Founded
1969-05-26 Bogota Colombia
History
26 May 1969, Bogota, by representatives of Bolivia, Chile, Colombia, Ecuador and Peru. Although actually signed in Bogota, the Agreement is officially known as the Cartagena Agreement in honour of the city where conclusive negotiations took place. By resolution 179, dated 9 Jul 1969, the Agreement was approved by the Permanent Executive Committee of the H-XH0151 - Latin American Free Trade Association (LAFTA), superseded, expanded and continued, since 12 Aug 1980, by D-XD2879 - Latin American Integration Association (LAIA). The Cartagena Agreement is often referred to as Andean Pact -- Pacte andin -- Pacto Andino. From 1 Aug 1997, the General Secretariat of F-XD0055 - Andean Community functions as the Board of the Agreement.
In Force as of Oct 1969, when the minimum number of ratifications was reached. Venezuela acceded to the Agreement in Feb 1973. Chile withdrew in Oct 1976. Since its signature, the text of the Cartagena Agreement has been revised and supplemented on several occasions. Protocol of Quito (Ecuador), adopted 12 May 1987, Quito, came into effect 25 May 1988, adjusted principal policies, instruments and mechanisms to current conditions and allowed greater freedom for countries to establish their own rules on foreign investment. Under this Protocol, objectives and instruments were extended to economic and social cooperation. The Declaration of Caracas, Feb 1989, marked an agreement of the Andean Presidents to work within the framework of a renewed Cartagena Agreement to promote and deepen subregional integration by taking over direct leadership of the process. The regular (approximately 6-monthly) meetings of the Presidents were institutionalized at the Presidential Meeting, May 1990, Machu Picchu (Peru), when the Andean Presidential Council was created to replace Junta of the Cartagena Agreement -- Junte de l'Accord de Carthagène -- Junta del Acuerdo de Cartagena (JUNAC) as the supreme body of F-XF4919 - Sistema Andino de Integración (SAI). Following signature of the 'Caracas Declaration', 18 May 1991, by Presidents of the 5 Andean countries, the U-XF2431 - Andean Common Market (ANCOM) was established, 1 Jan 1992, as a free-trade zone, all tariffs between signatory countries being lifted, although Ecuador was to adapt more gradually to the programme. The Andean Community was created by 'Acta de Trujillo', during 8th Presidential Congress, 9-10 Mar 1996, Trujillo (Peru).
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UIA Org ID
XT6969
Last News
1999
** UN SDGs are linked to the subject classification.
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