TeachMeFinance.com - explain Andean Common Market (ANCOM or Andean Group)
Andean Common Market (ANCOM or Andean Group) The term 'Andean Common Market (ANCOM or Andean Group) ' as it applies to the area of agriculture can be defined as ' Formed in May 1969 by Chile, Ecuador, Peru, and Bolivia under the Cartegena Agreement, which called for eliminating all barriers to trade by the end of 1980 and the establishment of a common external tariff. Venezuela joined in 1973. Chile withdrew in 1976'.
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