About
The Latin American and Caribbean Economic System (SELA) is a intergovernmental regional organization that groups 25 Latin American and Caribbean countries. With headquarters in Caracas, Venezuela, SELA was established on 17 October 1975 by the Panama Convention. SELA is primarily aimed at promoting a system of consultation and coordination for the Latin American and Caribbean region to adopt common positions and strategies on economic issues before countries, groups of countries, forums and international organizations, and at fostering cooperation and integration among Latin American and Caribbean nations.