Course summary (Andean Community CAN)
The Andean Community (COMUNIDAD ANDINA) is a regional institution endowed with an international legal status.
The Andean Community member economies are: Bolivia, Colombia, Ecuador and Peru and the bodies and institutions comprising the
Andean integration system.
The Andean region is located in South America;
Bolivia, Colombia, Ecuador and Peru have 97 million people living in an area of 4.700.000 Km², whose Gross domestic product amounted to 260 billion USD.
The Objectives of the Andean Community are to:
- Promote the member economies balanced and harmonious development under
fair
circumstances through integration
of foreign trade and economic and social cooperation;
- Step-up their growth and job creation;
- Facilitate their participation in the regional integration process;
- Reduce the member countries' external vulnerability;
- Reinforce subregional solidarity
- Seek the continuing improvement of the living standards of the people.
The Andean integration system (SAI) is a set of bodies and institutions forming part of the Andean Community,
intended to allow for an
efficient
coordination between them in order to maximize subregional Andean integration, promote their
foreign projection and strengthen the actions related to the integration process.
Example Andean Community:
The Andean development corporation (CAF) is a multilateral financial institution that
encourage 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,
the United Mexican States, Panama, Paraguay, Spain, Trinidad and Tobago, and Uruguay, as well as 15 private banks in the region, are also
shareholders.
Free trade agreements of the Andean Community: MERCOSUR (ACE) (Associated), Chile, Mexico, Panama, European Union.
Trade relations: India, China, Russia, ATPDEA
