The Group of 3 or (G-3) free trade agreement was a ten-year pact between Mexico, Colombia and Venezuela that began in 1995. The group covered numerous issues including intellectual property rights, public-sector investments and the easing of trade restrictions. The goal of the agreement was to create a more open and efficient economy for all three countries involved.While there were some bumps in the road, overall the Group of 3 free trade agreement was a success. It helped to increase economic growth and investment within all three countries, as well as improve relations between them. Additionally, it led to increased cooperation on regional issues such as security and drug trafficking.The Group of 3 free trade agreement may have ended in 2005, but its legacy lives on. These three countries continue to work together closely on economic matters, and their example has shown other Latin American nations that cooperation is key for progress.
