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Important Latin American Trade Agreements

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MERCOSUR (Southern Common Market)

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Countries: Argentina, Brazil, Paraguay, Uruguay, Venezuela (suspended); Main objectives: Promoting free trade and the fluid movement of goods, people, and currency.

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Mercosur-Egypt Free Trade Agreement

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Countries: MERCOSUR members and Egypt; Main objectives: To create preferential access for certain goods to promote commercial exchange and economic integration.

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CAFTA-DR (Central America Free Trade Agreement-Dominican Republic)

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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.

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SICA (Central American Integration System)

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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.

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CARICOM (Caribbean Community)

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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.

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EU-Mercosur Free Trade Agreement

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Countries: MERCOSUR members and the European Union; Main objectives: To reduce trade barriers between the two regions, enhancing cooperation and economic development.

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NAFTA (North American Free Trade Agreement)

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Countries: United States, Mexico, Canada; Main objectives: To eliminate barriers to trade and investment between the U.S., Canada, and Mexico.

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USMCA (United States-Mexico-Canada Agreement)

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Countries: United States, Mexico, Canada; Main objectives: Replaces NAFTA to promote fair trade and economic growth in North America.

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FTAA (Free Trade Area of the Americas)

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Countries: Intended to include all Americas countries except Cuba; Main objectives: To eliminate or reduce trade barriers and to create a free trade area.

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ESCA-EU Association Agreement

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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.

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CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership)

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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.

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ALADI (Latin American Integration Association)

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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.

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G3 Free Trade Agreement

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Countries: Originally between Mexico, Colombia, and Venezuela (Venezuela has withdrawn); Main objectives: To eliminate tariffs between member countries and foster trade.

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Andean Community (CAN)

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Countries: Bolivia, Colombia, Ecuador, Peru; Main objectives: To promote balanced and harmonious development through economic and social integration.

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Pacific Alliance

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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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