||The Groundwork for the Community is established in the Cartagena Agreement.
|Venezuela joins the Andean Pact.
||Augusto Pinochet withdraws Chile from the Andean Community on the claims of economic incompatibilities.
|The treaty that created the Court of Justice is signed and the Andean Parliament and the Andean Concil of Foregn Ministers are created.
||The treaty that created the Court of Justice enters into effect.
|The presidents approve the open skies policy and agree to intensify integration.
||Peru temoprarily suspends its obligations under the Liberalization Program.
|The Free Trade Zone is entered into full operation for Bolivia, Colombia, Ecuador, and Venezuela.
||The Common External Tariff is approved.
|Argentina, Brazil, Paraguay, and Uruguay are granted associate membership.
||An agreement is for reached Peru's gradual incoporation into the Andean Free Trade Zone.
|The Framework Agreement for the creation of a Free Trade Area between the Andean Community and Mercosur is signed in Buenos Aires.
||President Hugo Chavez states that Venezuela would withdraw from the Andean Community.
|Mercosur and the Andean Community formally establish the Union of South American Nations (USAN) to model after the European Union.
International Democracy Watch: Andean Community of Nations