The 2004 South American Summit – the third of its kind, after earlier events in Brasília (September 2000) and Guayaquil (July 2002) – was held in Cuzco and Ayacucho , Peru , on 7 –9 December 2004. Officially it constituted the Extraordinary Meeting of the Andean Presidential Council ( Reunión Extraordinaria del Consejo Presidencial Andino [1] ) and was also billed as the Third Meeting of Presidents of South America ( III Reunión de Presidentes de América del Sur ).
4-757: The Cusco Declaration , formally titled Preamble to the Foundation Act of the South American Union , is a two-page declaration of intent signed by 12 South American countries during the Third South American Summit on 8 December 2004 in Cusco , Peru. It announces the foundation of the Union of South American Nations . It called for a regional parliament, a common market and a common currency. This South America–related article
8-484: Is a stub . You can help Misplaced Pages by expanding it . This article related to a treaty is a stub . You can help Misplaced Pages by expanding it . 2004 South American Summit The main item on the agenda was the signature, by heads of state and plenipotentiary representatives of 12 South American nations, of the Cuzco Declaration , a two-page document containing a preamble to the deed of foundation of
12-680: The South American Community of Nations (or "South American Union"), uniting the region's two existing free-trade organisations – Mercosur and the Andean Community . Ayacucho was chosen for symbolic reasons: it was there that Antonio José de Sucre , fighting under the banner of Simón Bolívar "the Liberator", defeated the last Imperial Spanish troops in South America on 9 December 1824. While
16-655: The organisation's exact nature and functions – and even its name – remain unclear, it aspires to evolve along the lines followed by the continental integration efforts of the European Union , rather than becoming a mere free-trade area. The initiative emerged – largely at the instigation of Brazil – in response to the failed negotiations of the Free Trade Area of the Americas . The FTAA process has been stalemated for more than 12 months in
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