The Latin American Economic System (SELA) is a regional intergovernmental organization, based in Caracas, Venezuela, composed of 28 countries of Latin America and the Caribbean. Created on October 17, 1975 by the Panama Convention. Currently, SELA consists of: Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Colombia, Costa Rica, Cuba, Chile, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Suriname, Trinidad and Tobago, Uruguay and Venezuela.
