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In 1990, Bolivia, Peru, Ecuador, Colombia, and Venezuela relaunched: Select one: a. NAFTA b. APEC c. The Andean Pact d. MERCOSUR

Question

In 1990, Bolivia, Peru, Ecuador, Colombia, and Venezuela relaunched:

Select one:

  • a. NAFTA
  • b. APEC
  • c. The Andean Pact
  • d. MERCOSUR
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Solution

Breakdown of the Problem

We need to identify which organization was relaunched by Bolivia, Peru, Ecuador, Colombia, and Venezuela in 1990.

Relevant Concepts

  • NAFTA: North American Free Trade Agreement, primarily involving the USA, Canada, and Mexico.
  • APEC: Asia-Pacific Economic Cooperation, focused on promoting trade across the Asia-Pacific region.
  • The Andean Pact: A trade bloc agreement established to promote regional integration among Andean countries.
  • MERCOSUR: A South American trade bloc that includes Argentina, Brazil, Paraguay, and Uruguay.

Analysis and Detail

  • The Andean Pact, originally formed in 1969, sought to foster economic integration among the Andean countries, aiming for cooperation and joint development.
  • In 1990, these nations (Bolivia, Peru, Ecuador, Colombia, and Venezuela) sought to enhance their economic relationships and relaunch the Andean integration process.

Verify and Summarize

Based on the understanding of the agreements and the historical context, the correct choice is The Andean Pact, which was indeed relaunched by the mentioned countries in 1990.

Final Answer

c. The Andean Pact

This problem has been solved

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