Latin American Integration Association
Latin American Integration Association :
LAIA (Spanish: Asociaci¢n Latinoamericana de Integraci¢n, ALADI) was originally created in 1960 as the Latin American Free Trade Association (LAFTA). LAFTA was restructured by the 1980 Montevideo Treaty as a more flexible alternative to LAIA. LAIA, whose membership included Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela, has been declining as a major Latin American integration effort in favor of regional efforts, such as Mercosur. Association headquarters are in Montevideo, Uruguay
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