Organization of American States
Organization of American States: OAS. Established through the Bogotá Charter of 1948 which entered into force in 1951. 35 sovereign states of the Americas participate in it. Cuba was excluded from membership in 1962. OAS seeks, among mainly political objectives, to solve economic problems that may arise among member states and to promote, by cooperative action, their economic, social and cultural development. As part of this, the Miami Economic Summit in December 1994 agreed to establish the FTAA (Free Trade Area of the Americas). The OAS secretariat is located in Washington.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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