Latin American Economic System

Spanish �Sistema Econ�mico Latinoamericano (SELA) � association formed to promote economic cooperation and development throughout the region of Latin America. Established in 1975 through the Panama Convention, SELA succeeded the Special Committee for Latin American Coordination (CECLA). Nearly 30 countries are members. SELA's principal organ, the Latin American Council, meets annually. Headquarters are in Caracas,