Economics Trade Agreements Questions Medium
The Andean Community of Nations (CAN) is a regional trade agreement established in 1969 among four South American countries: Bolivia, Colombia, Ecuador, and Peru. Its main objective is to promote economic integration and cooperation among its member states. The CAN aims to create a common market by eliminating trade barriers, harmonizing regulations, and facilitating the free movement of goods, services, capital, and people within the region. Additionally, the CAN seeks to enhance regional development, promote social inclusion, and strengthen political dialogue among its member countries. The agreement also includes provisions for cooperation in areas such as agriculture, industry, energy, tourism, and environmental protection. The CAN has played a significant role in fostering economic growth, increasing trade flows, and attracting foreign investment within the Andean region.