Montevideo Treaty of 1980
The 1980 Montevideo Treaty establishing the Latin American Integration Association was signed on August 12, 1980 in Montevideo , Uruguay and came into force on March 18, 1981. He thus renewed the Treaty of Montevideo of 1960 , the founding treaty of the Latin American Free Trade Area . The treaty contains a framework agreement, according to which bilateral and subregional economic agreements should enable a gradual integration of the entire region. However, neither deadlines nor specific mechanisms were set out in the contract text. Examples of such subregional agreements that came about after the treaty are Mercosur or the Group of Three . Furthermore, a so-called habilitation clause was inserted in the contract in order to circumvent the most-favored-nation clause of the General Agreement on Tariffs and Trade ( GATT ) and to promote regional integration. At the time of signing, all participating states were already members of the Latin American Free Trade Area, which are:
Cuba was the 12th member to ratify the treaty in 1999. Treaty ratification is open to all Latin American countries .
Web links
- The contract text (in English, French, Spanish and Portuguese)