The Latin American Integration Association (ALADI) was created by means of the Montevideo Treaty of 1980. Its creation is due, on the one hand, to the failure of the project to create a Latin American common market through the Latin American Free Trade Association (ALALC), which had been created through the Treaty of Montevideo in 1960. From that perspective, the function of ALADI was the preservation of the "historic heritage" of LAFTA, which is nothing more than giving effect beyond the late LAFTA to the partial agreements of trade liberalization that had been reached in the multilateral and bilateral rounds within the framework of that organization.
Olivares Tramón, J. M. (2016). A Dispute Settlement Body for ALADI. Revista De Derecho Público, (69), Págs. 187–198. https://doi.org/10.5354/rdpu.v0i69.40014
