The 1980 Treaty of Montevideo commits itself to promoting the suspicious economic integration that began two decades ago in the Latin American region and provides for the creation of the Latin American Integration Association (LAIA) instead of the Latin American Free Trade Association (NAFTA), founded by the Montevideo Treaty concluded in 1960. Article 19: Agreements the partial scope of which is negotiated by the relatively less developed countries with other Member States must, where appropriate, comply with the provisions of Articles 8 and 9 of the Treaty. Article 44: the advantages, advantages, allowances, immunities and privileges which Member States apply to products originating in or related to another Member State or a third country shall be extended directly and unconditionally to the other Member States on the basis of decisions or agreements not provided for in this Treaty or the Cartagena Convention. . . .
Economic Complementation Agreement Definition