Cartagena Agreement

The Cartagena Agreement, established in 1991, is a trade agreement among several countries in South America, specifically within the Andean region, including Colombia, Ecuador, Peru, and Bolivia. Its main goal is to promote economic integration and cooperation to enhance trade and investment among these nations. The agreement aims to reduce tariffs, establish common external tariffs, and support development strategies that help the countries grow together. Additionally, it focuses on social and environmental issues, fostering sustainable development while improving the region's competitiveness in the global market.