Andean Community-MERCOSUR Agreement

The Subject “Andean Community-MERCOSUR Economic Complementation Agreement” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, World Trade.

Learning materials in or Comunidad Andina-MERCOSUR MERCOSUL Comunidade Andina MERCOSUR.

Economic Complementation Agreement between the Andean Community and the MERCOSUR:

1. In 1998, the members of the MERCOSUR and the Andean Community signed a Free Trade Agreement;
2. In 1999, was signed an Economic Complementation Agreement Nº 39 (ACE39);
3. In 2000, Argentina signs and Economic Complementarity Agreement Nº 48 (ACE48) with Colombia, Ecuador, Peru, and Venezuela;
4. In 2002, they signed the agreement for the establishment of a Free-Trade Area: The Economic Complementation Agreement Nº 56 (ACE56);
5. In 2003, Bolivia and the MERCOSUR signed the Economic Complementarity Agreement (ACE) Nº36;
6. In 2004, they signed the Economic Complementarity Agreement Nº59 (free-trade area).

Chile  returned to the Andean Community as an associate member state in 2006

Foreign Trade MERCOSUR-ANDEAN COMMUNITY

1. Trade Relations between the Andean Community and the Southern Common Market (MERCOSUR) have evolved quickly toward a convergence process that will benefit the 350 million people;
2. Foreign Trade between the Andean Community (Bolivia, Colombia, Ecuador, and Peru) and the MERCOSUR (Brazil, Argentina, Uruguay, Venezuela, and Paraguay): 16,430 million dollars (+ 27% over the previous year);
3. Andean Community imports from the MERCOSUR: 10,844 million dollars;
4. Foreign Trade between the Andean Community and Chile: 7,134 million dollars.

The agreement Andean Community-MERCOSUR belongs to the Latin American Economic Area (Western Civilization).

(c) EENI Global Business School (1995-2023)
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