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Latin American Integration Association

Latin American Integration Association (LAIA), organization formed in 1980 by Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela, taking over the duties of the Latin American Free Trade Association (LAFTA), which had been created in 1960 to establish a common market for its member nations through progressive tariff reductions until the elimination of tariff barriers by 1973. In 1969 the deadline was extended until 1980, at which time the plan was scrapped and the new organization, LAIA, created by the Treaty of Montevideo. It has the more limited goal of encouraging free trade, with no deadline for the institution of a common market. Economic hardship in Argentina, Brazil, and many other member nations has made LAIA's task difficult. The association's headquarters are in Montevideo, Uruguay.

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Related content from HighBeam Research on: Latin American Integration Association

Latin American Leaders Aim for Integration and Peace in the Americas (The Hispanic Outlook in Higher Education)

Crece comercio intraregional: los convenios suscritos a través de la Aladi para facilitar el comercio intra e inter-regional en Latinoamérica, han mostrado su eficacia al evidenciarse un crecimiento sostenido en el intercambio regional.(TT: Growth in intra-regional trade: the undersigned agreements made through the Latin American Association for Integration to help facilitate intra- and inter-regional trade in Latin America, have proven their ability to sustain growth in regional trade) (Semana)

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Latin American trade agreements, rev. ed.(Brief Article)(Book Review) (Reference & Research Book News)

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