In October 1992 Bolivia made a presentation to the MERCOSUR Common Market Group regarding its eventual incorporation into MERCOSUR (Article 20 of the 1991 Treaty of Asunción, which created the MERCOSUR Customs Union, provides for the accession of additional parties once the MERCOSUR Agreement has been in force for five years). At their meeting on 17 January 1994, the MERCOSUR Common Market Council, in a communication, stated that a trade agreement with Bolivia was a priority for them and invited Bolivia to participate as an observer in some of MERCOSUR's working groups. In 1995, MERCOSUR issued a Memorandum of Understanding laying out the conditions for a trade agreement with Bolivia and stating as a goal the formation of this free trade area within ten years. On 7 December 1995 the Parties signed ALADI Economic Complementation Agreement 34, an agreement with a duration of one year from 1 January 1996, during which the Parties would continue to negotiate a more comprehensive free trade agreement. Paragraph 7 of a Communication from the MERCOSUR Presidents at the completion of their meeting on 25 June 1996 expressed satisfaction at the progress made in the negotiations and expressed confidence about the construction of the free trade agreement.
The Free Trade Agreement between Bolivia and MERCOSUR was signed on 17 December 1996 and entered into force on 28 February 1997. This Agreement, registered with the ALADI Secretariat as Economic Complementation Agreement Nº 36 (ACE36), superseded and replaced ACE 34.
MERCOSUR and the other Andean countries have also
continued the process of deepening their trade
relationship through negotiations within an Andean
Community-MERCOSUR framework resulting in the
conclusion of Economic Complementation Agreement Nº 58, between Peru and MERCOSUR and Economic Complementation Agreement Nº 59 between Colombia, Ecuador and Venezuela and
| Documents relating to the negotiations between
Bolivia and MERCOSUR
| 17 December 1995
|| MERCOSUR Memorandum of Understanding with
respect to the relation of Bolivia with MERCOSUR
| 17 January 1994
|| MERCOSUR Common Market Council Communication
Source: Secretaría del MERCOSUR