Final answer:
BRIC is not a preferential trading arrangement in Latin America, unlike SICA, the Andean Community, CARICOM, and Mercosur, which are pivotal in promoting regional economic integration.
Step-by-step explanation:
The most important preferential trading arrangements in Latin America that do not include BRIC are SICA, the Andean Community, CARICOM, and Mercosur. BRIC refers to Brazil, Russia, India, and China, which is a group of emerging economies but not a Latin American trade agreement.
On the other hand, SICA (the Central American Integration System), the Andean Community, CARICOM (the Caribbean Community), and Mercosur (the Southern Cone Common Market) are all significant regional trade agreements that affect Latin American countries in promoting economic integration and trade liberalization within the region. Mercosur is particularly notable for its role in accelerating sustained economic development with a focus on social justice, environmental protection, and poverty reduction in the Southern part of South America.