Latin American countries have been signing multiple Free Trade Agreements with different member states, leaving the already regional blocs such as The Latin American Integration Association (ALADI), The Andean Community (CAN) and The Southern Common Market (MERCOSUR) aside. This can be explained due to the asymmetries that have arisen in these regional blocs, as well as the disappointments in the achievements of the Doha Round goals, most of them in favour of the developed countries, and the searching to achieve more economic growth rates through the increase of volume of trades, exportations and Foreign Direct Investment (FDI). JEL classification: F15, O50, O54