Latin American Integration Association
The Latin American Integration Association / Asociación Latinoamericana de Integración / Associação Latino-Americana de Integração (LAIA / ALADI) is an international and regional scope organization. It was created on 12 August 1980 by the 1980 Montevideo Treaty, replacing the Latin American Free Trade Association (LAFTA / ALALC). Currently, it has 13 member countries, and any of the Latin American States may apply for accession.
Objectives
The development of the integration process developed within the framework of the ALADI aims at promoting the harmonious and balanced socio-economic development of the region, and its long-term objective is the gradual and progressive establishment of a Latin-American Common Market.
Basic Functions
Promotion and regulation of reciprocal trade
Economic complementation
Development of economic cooperation actions contributing to the markets extension.
General Principles
Pluralism in political and economic matters;