What is the Latin American Free Trade Area?

When members of a free trade area:

1) add common external tariffs to the provisions of the free trade agreement

2) Abolish all customs checks between the countries.

then the free trade area becomes a customs union.

Expanding the trade services of the member states is one of the functions of the Free Trade Area of Americas. Developing increased intellectual property rights is another function of the Free Trade Area of the Americas.

EFTA

The North American Free Trade Area and the European Union.