Andean Community (Course, Master)

The objectives of the subject “Andean Community” are to:

1. Understand the aims and functions of the Andean Community
2. Assess the benefits for the members of the Andean Community and the areas of cooperation
3. Know the economic profile of the Andean Countries
4. Analyse the economic integration process (free-trade area and customs union) and the foreign trade among the member countries of the Andean Community
5. Analyse the Andean Integration System and the Andean Community Customs
6. Explore the international relations of the Andean Community (Free Trade Agreements)
7. Know the role of the Andean Development Corporation

Description: Andean Community (CAN).

The Andean Community is a regional economic organisation endowed with an international legal status. The member economies of the Andean Community are Bolivia, Colombia, Ecuador and Peru.

1. The Associated countries of the Andean Community are Argentina, Brazil, Chile, Paraguay, and Uruguay
2. The observer countries of the Andean Community are Spain, and Morocco

The bodies and institutions of the Andean Community form the Andean Integration System.

The objectives of the Andean Community are to:

1. Promote a balanced and harmonious development under right circumstances through the International trade integration and economic and social cooperation between the member economies
2. Boost economic growth and job creation
3. Facilitate their participation in the regional integration process
4. Reduce the external vulnerability of the member countries
5. Reinforce the subregional solidarity
6. Seek continuing improvement of Standard of living of people

The Andean region is located in South America (Bolivia, Colombia, Ecuador, and Peru)

1. Total population: 103 million people
2. Area: 4,700,000 square kilometres
3. Gross domestic product: 407,000 million dollars

The Andean Integration System is a set of bodies and institutions forming part of the Andean Community, intended to allow for an efficient coordination between them to maximise the Andean subregional integration, promoting their external projection and strengthen the actions related to the integration process.

Andean Community Free Trade Agreements (FTA).

Andean Community Agreements in America: MERCOSUR (ACE), Chile, Mexico, and Panama.

The Andean Development Corporation is a multilateral financial institution that encourages the sustainable development of its shareholder countries and regional integration. While its main shareholders are Bolivia, Colombia, Ecuador, Peru, and Venezuela, Argentina, Brazil, Chile, Costa Rica, the Dominican Republic, Jamaica, Mexico, Panama, Paraguay, Spain, Trinidad and Tobago, and Uruguay, as well as fifteen private banks in the region, are also shareholders.

The Andean Community belongs to the Latin American Economic Area (Western-Christian Civilisation).

Colombian Free Trade Agreements: Association of Caribbean States, ALADI, UNASUR, SELA, United States, Mexico, Northern Triangle, Chile, Canada, CARICOM, EFTA...

Peruvian Free Trade Agreements: APEC, China, Singapore, Chile, United States, Canada, South Korea, MERCOSUR...