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Latin American Integration Association (ALADI)

The Latin American Integration Association – ALADI – was created by the Montevideo Treaty of 1980 – TM80, as an intergovernmental entity that continues the process initiated by the Latin American Free Trade Association in 1960, the purpose of which encompasses promoting the region’s integration expansion in order to ensure its economic and social development. Its main aim is the establishment of a common market.

ALADI fosters the creation of a tariff preference area in the region with the aim of creating a common Latin American market by way of three mechanisms: a regional tariff preference, partial scope agreements including all members and partial scope agreements between two or more countries of the area. www.aladi.org