Andean Common Market (ANCOM or Andean Group):

Formed in May 1969 by Chile, Ecuador, Peru, and Bolivia under the Cartegena Agreement, which called for eliminating all barriers to trade by the end of 1980 and the establishment of a common external tariff. Venezuela joined in 1973. Chile withdrew in 1976.

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Information and definitions of the terms been taken from various reliable government publications and we have done our best to verify their accuracy. If you feel any of the definitions are incorrect or needs to be updated please contact us and we will look into it.

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