Andean Pact/Community
Andean Pact/Community : This is a South American sub- regional organization, with an international legal status, which groups Bolivia, Colombia, Ecuador, Peru and Venezuela, and the Andean Integration System (AIS) - a number of bodies and institutions. Its aims are to: (a) promote the balanced and harmonious development of its member countries; (b) boost members' growth through integration and economic and social cooperation; (c) enhance participation in the regional integration process, with a view to the formation of a Latin American Common Market; and (d) strive for a steady improvement in the standard of living in the member countries. The Andean Pact is often regarded as a representation of Latin American strategy, which speaks to the need for trading blocs and associations for the purpose of protecting South American markets from outside competition, while forming larger internal markets for South American goods
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