The Asociación Latinoamericana de Integración (the Latin American Integration Association; known as ALADI or, occasionally, by the English acronym LAIA) is a Latin American trade integration association, based in Montevideo. Its main objective is the establishment of a common market, in pursuit of the economic and social development of the region. Signed on August 12, 1960, the Montevideo Treaty is an international legal framework that establishes and governs the Latin American Integration Association. It sets the following general guidelines regarding trade relations between signatory countries: pluralism, convergence, flexibility, differential treatment and multiplicity.
Read more about Latin American Integration Association: History, Entry, Methods
Famous quotes containing the words latin, american, integration and/or association:
“Not only does the world scarcely know who the Latin American man is, the world has barely cared.”
—Georgie Anne Geyer (b. 1935)
“There is nothing the matter with Americans except their ideals. The real American is all right; it is the ideal American who is all wrong.”
—Gilbert Keith Chesterton (1874–1936)
“Look back, to slavery, to suffrage, to integration and one thing is clear. Fashions in bigotry come and go. The right thing lasts.”
—Anna Quindlen (b. 1952)
“A good marriage ... is a sweet association in life: full of constancy, trust, and an infinite number of useful and solid services and mutual obligations.”
—Michel de Montaigne (1533–1592)