Could the alignment of the Andean Community and Mercosur become the basis for South Americas integration project?
The alignment of the Andean Community and Mercosur is the key to South Americas integration. With a population of 111 million persons inhabiting an area in the neighborhood of 4,700,000 kilometers, endowed with a wealth of mineral and energy resources, and washed by two oceans, the Atlantic and the Pacific, the Andean subregion offers a huge potential for development that has been taking shape over the 31 year history of its integration. The Andean Community has a strong institutional framework in place that ensures legal security and in looking beyond commercial aspects alone, constitutes an important step forward in the area of integration. We possess financial institutions, like the Andean Development Corporation (CAF) and the Latin American Reserve Fund (FLAR); supranational Community bodies, like the Andean Court of Justice and the CAN General Secretariat; consultative institutions, like the Andean Labor and Business Advisory Councils, and a deliberating body, which is the Andean
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