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Institutional Framework Of The Andean Community And How The Andean Economic Integration Process Functions

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Chapter Summary

Between May 1989 and December 1991, the presidents of the Andean countries met on six separate occasions in an attempt to revive the Andean Pact integration process. On April 22, 2006, the Foreign Minister of the Bolivarian Republic of Venezuela directed a letter to the members of the Andean Commission announcing that Venezuela was withdrawing from the Andean Community. One important aspect that distinguishes the Andean Community from other Latin American economic integration projects is the elaborate institutional framework that was created early in the integration process. In order to take advantage of the intra-Andean free trade system, a product must comply with the requisite rule of origin requirements of the Andean Community. General guidelines are established for the adoption, harmonization, creation, publication, and diffusion of Andean norms throughout the entire Community.

Keywords: Andean Community; institutional framework; Latin American economic integration; Venezuela



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