In 1969, frustrated by the lack of progress in LAFTA, Bolivia, Chile, Colombia, Ecuador, and Peru joined in creating the Andean Group, which aimed to create economic integration through reduced taxes, a common external tariff, and investment in the poorer industrial areas of their respective countries.

a. True

b. False

Question

Carl Nolan

Business

30 December, 16:02

In 1969, frustrated by the lack of progress in LAFTA, Bolivia, Chile, Colombia, Ecuador, and Peru joined in creating the Andean Group, which aimed to create economic integration through reduced taxes, a common external tariff, and investment in the poorer industrial areas of their respective countries.

a. True

b. False

+2

Answers (1)

Know the Answer?

Danielle Santiago · Answer 1

TRUE

Explanation:

Later, Venezuela joined the group in 1973 and quit in 2006 under Chavez's administration. As Colombia and Peru signed treaty's with the US

Chile also quit under Pinochet administration in 1976

The free trade enter zone entered into full operation in 1993 and a year later 1994 the commopn external tariff