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Rank Country (or dependent territory) July 1, 2015 projection [1] % of pop. Average relative annual growth (%) [2] Average absolute annual growth [3]Estimated doubling time
The G3 countries are Colombia, Mexico and Venezuela. Venezuela left the bloc in November 2006. The G-3 was a free trade agreement between Colombia, Mexico, and Venezuela that came into effect on January 1, 1995, which created an extended market of 149 million consumers with a combined GDP (Gross domestic product) of US$486.5 billion.
Colombia's main exports to Mexico include: coal, crude oil, instant coffee and automobile parts. Mexico's main exports to Colombia include: flat screen TVs, pure petroleum oil for tank-car, ship-tank or auto-tanks; corrugated rods or bars for reinforcement, for cement or concrete; shampoos; milk powder or pills; tequila and malt beer. [16]
Colombia–Venezuela relations refers to the diplomatic relations between the South American neighboring countries of Colombia and Venezuela. The relationship has developed since the early 16th century, when Spanish colonizers created the Province of Santa Marta (now Colombia) [ 1 ] [ 2 ] and the Province of New Andalucia (now Venezuela). [ 3 ]
Both Mexico and Venezuela share a common history in the fact that both nations were once part of the Spanish Empire.During the Spanish colonial period, Mexico was then known as Viceroyalty of New Spain and the capital being Mexico City while what became nowadays Venezuela was known then as the Captaincy General of Venezuela with Caracas as its capital.
The Latin American Free Trade Association, LAFTA, (later transformed into the Latin American Integration Association, Spanish: Asociación Latinoamericana de Integración, Portuguese: Associação Latino-Americana de Integração) was created in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay.
Member countries of the Contadora group. The Contadora Group was an initiative launched in the early 1980s by the foreign ministers of Colombia, Mexico, Panama and Venezuela to deal with the Central American crisis (military conflicts in El Salvador, Nicaragua and Guatemala), which were threatening to destabilize the entire Central American region.
Venezuela applied for membership, but its entry has not been ratified by Paraguay, although it was ratified by Argentina, Brazil and Uruguay. [18] However, in June 2012 Paraguay was suspended from Mercosur for an alleged coup d'état and the violation of the Democratic Clause of Mercosur, so Venezuela's admission, already approved by the remaining members, became effective on July 31. [7]