Argentina, Inter-American Agreements
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| El Sur del Sur: The Souternmost South Argentina, Inter-American Agreements |
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 A
second stage in the American unifying process was characterized by the constitution
of "sub-regional common markets", such as the Pacto Andino
(Andean Pact), the Comunidad del Caribe (CARICOM, Caribbean
Community) and the Mercado Común Centroamericano (MCCA,
Central American Common Market). Unlike the ALALC, these markets
achieved an actual customs union, which also benefited from the similarity
of economic and political backgrounds prevailing in the countries involved.In
1980, the creation of ALADI (Asociación Interamericana
de Integración, Inter-American Association of Integration) came
to replace the ALALC. With this new organization there was a possibility
to negotiate multi-lateral trade treaties based on bi-lateral agreements.
The countries integrating ALADI were the same to take part in the former
ALALC. |
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In
1990, with an agreement between Argentina and Brazil, a new stage
for integration began. Later on, Paraguay and Uruguay entered into this
bi-lateral pact. The four countries made up the Mercado Común
del Sur: MERCOSUR
( Southern Common Market), signed in 1991. On that occasion, it was
decided that the possibility for the inclusion of Chile and Bolivia would
remain open; as well as the removal of customs taxes, the setting of a common
tariff and also the coordination of macro-economic policies.In
a new gathering held in 1994, BANASUR (Bancos Nacionales
del Sur, Southern National Banks) was established, constituting a unified
banking network aiming at opening new credit lines, enlarging foreign trade
and capital flow and also participating in the combined assistance to the
financial operations of industrial, commercial or investment projects. This
new bloc represented by Mercosur also aims at initiating a relationship
with other similar organizations such as the MCCA, Pacto Andino
and CARICOM. Once these goals are achieved, the next objective is
the co-ordination with the NAFTA (North American Free Trade Agreement),
which links Canada, United States and Mexico.It
seems clear that there is an integrating trend at a continental level. In
the 1994 summit conference there were plans towards the formation of a common
market comprising the whole continent, from Alaska to Tierra del Fuego.
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