Standard Club has published its latest Lat-Am bulletin, in which it updates readers on the Asociación Latinoamericana de Integración (ALADI), which regulates international trade through various agreements In 1980, the Treaty of Montevideo created ALADI (www.alado.org) as a governmental organization designed to promote integration in the region as well as economic and social development.
Its member states now comprise Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela.
ALADI has the ultimate objective of a Latin American common market through
a) A regional tariff preference (PAR):
b) Regional scope agreements common to all member countries:
c) Partial Scope Agreements.
Two of the most relevant Partial Scope Agreements in respect of trade are the Paraguay-Paraná Inland Waterway Agreement and the Agreement on International Standard Club notes that, as the relevance of multimodal transport continues to grow, “it would be enormously beneficial for the trade in the region to have a harmonized set of international rules on multimodal transport. Perhaps this would encourage other ALADI members to work more closely within the flexibility afforded by the Treaty of Montevideo to achieve this goal.”