The andean pact: a model of economic integration for developing countries

Abstract

This paper examines the framework in which the Andean Common Market was created, the provisions of its charter, and the Group's initial achievements. The Andean Common Market was formed in response to the inadequacies of the Latin American Free Trade Association. The Ancom charter contained several provisions, such as that for a common external tariff, investment planning, and policy harmonization, which make it uniquely suited for promoting its members' development. Its record to date has been good, though much work remains to be done. A more cooperative and less nationalistic attitude must be developed by the various member countries if the Group is to be successful.