Latin America and Caribbean GDP $4,982,058,723,369 2010 Population 582,554,334 2010 GDP per Capita $8552 Source: World Bank
Principal Integration Initiatives in Latin America• ALADI http://www.aladi.org/• MERCOSUR http://www.mercosur.int/• CAN http://www.comunidadandina.org/• ALBA http://www.alianzabolivariana.org/• UNASUR http://www.unasursg.org/• CARICOM http://www.caricom.org/• SICA http://www.sica.int/• ALCA http://www.ftaa-alca.org/alca_s.asp
Belize Honduras Nicaragua Panama Costa Rica El Salvador GuatemalaCentral American Integrations System – (Sistema dela Integracion Centroamericana) : Since Feb 1 1993.
North American Free Trade Agreement (NAFTA) Agreement signed by Canada, Mexico and US, creating a trade bloc. Came into force in Jan 1 1994.
Free Trade Area of the Americas (FTAA) – Area deLibre Comercio de las Americas. Reduced barriers among all countries in the Americas except Cuba. This agreement was an extension of the NAFTA. Started in Dec 1994, but it came to public in 2001.
Common Southern Market- Mercado Comun del Sur (MERCOSUR). It was founded in 1991. Promotes free trade and the fliud of movements of goods, people and currency. This is now a full Customs Union.Full membersArgentinaBrazilParaguayUruguayVenezuela (depending on the Congress of Paraguay for admission)
Founded May 25 1969Members:•Bolivia•Colombia•Ecuador•Peru
Union of South American Nations (UNASUR)intergovernmental union integrating two existing customsunions: Mercosur and the Andean Community of Nations(CAN), as part of a continuing process of South Americanintegration. It is modeled on the European Union.Signed on May 23, 2008.