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Important Latin American Trade Agreements
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MERCOSUR (Southern Common Market)
Countries: Argentina, Brazil, Paraguay, Uruguay, Venezuela (suspended); Main objectives: Promoting free trade and the fluid movement of goods, people, and currency.
Mercosur-Egypt Free Trade Agreement
Countries: MERCOSUR members and Egypt; Main objectives: To create preferential access for certain goods to promote commercial exchange and economic integration.
CAFTA-DR (Central America Free Trade Agreement-Dominican Republic)
Countries: United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Dominican Republic; Main objectives: Eliminating tariffs on U.S. exports, expanding trade, and promoting economic growth.
SICA (Central American Integration System)
Countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, and Dominican Republic; Main objectives: To establish a regional integration system to create economic and social cooperation.
CARICOM (Caribbean Community)
Countries: 15 Caribbean nations including Jamaica, Barbados, and Trinidad and Tobago; Main objectives: Promoting economic integration and cooperation among its members, ensuring that the benefits of integration are equitably shared.
EU-Mercosur Free Trade Agreement
Countries: MERCOSUR members and the European Union; Main objectives: To reduce trade barriers between the two regions, enhancing cooperation and economic development.
NAFTA (North American Free Trade Agreement)
Countries: United States, Mexico, Canada; Main objectives: To eliminate barriers to trade and investment between the U.S., Canada, and Mexico.
USMCA (United States-Mexico-Canada Agreement)
Countries: United States, Mexico, Canada; Main objectives: Replaces NAFTA to promote fair trade and economic growth in North America.
FTAA (Free Trade Area of the Americas)
Countries: Intended to include all Americas countries except Cuba; Main objectives: To eliminate or reduce trade barriers and to create a free trade area.
ESCA-EU Association Agreement
Countries: Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama) and the European Union; Main objectives: To strengthen trade and economic relations, conforming progressively to a free trade area.
CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership)
Countries: Includes Mexico, Peru, and Chile from Latin America, among others; Main objectives: To cut tariffs within the bloc and set common ground on labour and environmental standards.
ALADI (Latin American Integration Association)
Countries: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela; Main objectives: The promotion and regulation of reciprocal economic and trade liberalization, multilateral economic cooperation, and social and economic development.
G3 Free Trade Agreement
Countries: Originally between Mexico, Colombia, and Venezuela (Venezuela has withdrawn); Main objectives: To eliminate tariffs between member countries and foster trade.
Andean Community (CAN)
Countries: Bolivia, Colombia, Ecuador, Peru; Main objectives: To promote balanced and harmonious development through economic and social integration.
Pacific Alliance
Countries: Chile, Colombia, Mexico, Peru; Main objectives: To build an area of deep economic integration and move gradually toward the free circulation of goods, services, capital, and people.
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