Final answer:
The Andean Community is a regional trade organization that promotes economic integration and cooperation among member countries. MERCOSUR, on the other hand, focuses on economic development and poverty reduction. APEC is a trade organization that aims to promote economic cooperation among countries in the Asia-Pacific region.
Step-by-step explanation:
In 1990, Bolivia, Peru, Ecuador, Colombia, and Venezuela relaunched the Andean Pact, also known as the Andean Community. The Andean Community is a regional trade organization that aims to promote economic integration and cooperation among its member countries. It was established in 1969, but it gained momentum in 1995 when it implemented stronger trade measures. The Andean Community focuses on facilitating trade, promoting investment, and fostering social development among its member nations.
In contrast, MERCOSUR stands for the Southern Common Market and was established in 1991 by Brazil, Argentina, Paraguay, and Uruguay. Its goal is to accelerate economic development, address social inequality, protect the environment, and reduce poverty in the member countries. Over the years, other countries like Venezuela and Bolivia have become full or associate members of MERCOSUR. However, Venezuela's membership has been temporarily suspended due to concerns about democratic principles.
APEC, the Asia-Pacific Economic Cooperation, was launched in 1989 and includes countries from the Asia-Pacific region like Australia, the United States, South Korea, and Mexico. It aims to promote free trade and economic cooperation among its members. APEC has grown over time and now includes countries like China, Chile, and Russia in its membership.