Andean Pact (Andean Community)
Andean Community - history of the Andean Community (Group Covenant; "Andean Group" or "Andean Common Market") was established May 26, 1965 on the basis of the Cartagena Agreement, consisting of Bolivia, Colombia, Peru, Chile, (left the group in 1976) and Ecuador. Since 1973, the organization became a member of Venezuela. What is the Andean Community? Andean Group includes the territory of 4.8 million square meters. km with a population of 111 million people and its total gross product of 268 billion dollars. The supreme body - the Commission of the Cartagena Agreement, consisting of the ambassadors of those countries with a one-year term, after which the Commission has moved to the next in alphabetical order of State of the Covenant. The representative of this country is its president. The Commission usually holds at least three sessions a year, during which it determines the main directions of cooperation, approves the program for the Coordination of customs policy and economic development. The Council of Ministers of Foreign Affairs - a body of political cooperation - coordinated by the Andean Group statement on the world stage. Advisory body serves as the Andean Parliament, composed of members of legislative assemblies of member countries. Controversial issues permits Andean Court. To make recommendations on specific issues created tips: planning, monetary, financial, tax and others. Cartagena Agreement provides for the establishment of a common market, harmonization of economic policies with respect to foreign capital through joint programming, the development of productive sectors and infrastructure, mobilization of internal and external financial resources, provision of special concessions to less developed members of the Union - Bolivia and Ecuador. The objectives of the Andean Community - Promoting the development of member countries through their integration and socio-economic cooperation, economic growth and employment, the creation of a Latin
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