Source: Foundation for Economic Education
by Jake Scott
“After a recent Andean Community (CAN) ruling, Ecuador and Colombia have been forced into a climbdown from an escalating trade war that has been heating up since the beginning of 2026. … CAN, formed in 1969 following the Cartagena Agreement and composed of Bolivia, Colombia, Ecuador, and Per — since then expanding to include Argentina, Brazil, Paraguay, and Uruguay as associate members and Chile leaving in 1976 — is explicitly set up to deal with trade in goods and services, the regulation of a customs union between members, a common market, and even foreign policy.” (05/17/26)
https://fee.org/articles/good-trade-deals-make-good-neighbors/