Chile, Peru, Colombia and Mexico signed an agreement under the Pacific Alliance
The presidents of Colombia, Peru, Mexico and Chile, signed on 6 June, in the context of the Fourth Summit of the Pacific Alliance, the Framework Agreement for the Pacific Alliance, which aims to build an area to advance integration to the free movement of goods, services, capital and persons.
Paranal Observatory in the Chilean region of Antofagasta, in the desert of Atacama, the driest in the world, will host the summit where they will meet the presidents of Colombia, Juan Manuel Santos, of Peru, Ollanta Humala, of Mexico, Felipe Calderon and Chile, Sebastián Piñera.
According to a statement released Tuesday by the Foreign Ministry, the meeting also involve senior representatives of the governments of Costa Rica and Panama as observer countries and special guest will attend, among others, the Canadian Foreign Minister John Baird .
Minister of Foreign Affairs, Alfredo Moreno, explained that “this initiative seeks to promote higher growth, development and competitiveness of the economies of the countries of the Pacific Alliance, with a view to achieving greater well-being, overcoming social inequality and economic and social inclusion of its inhabitants. ”
The Pacific Alliance represents a market of 215 million consumers with average income per capita of $ 13,000.
“Undoubtedly, the Alliance can become a platform of economic and trade integration and projection to the world, with special emphasis on the Asia Pacific,” Moreno said the Chancellor.
Furthermore, in parallel with the presidential summit, there will be a business meeting with representatives of all member countries, which then have an opportunity to exchange views with the governors.
After the meeting, the president of Mexico, Felipe Calderon, will travel to Santiago for a state visit to Chile, 7 and 8 June.
The Framework Agreement to be signed by the presidents states that the commitments reached in the field of Pacific Alliance, based on the assumption of existing trade agreements between countries of this initiative.
According to the text of the Foreign Ministry, the agreement also defines the mechanisms of entry of new countries, the way in which agreements shall be organized and how the President Pro Tempore, among others.
To advance in the short term goals to become a platform of economic and trade integration, the countries of the Pacific Alliance are negotiating issues such as tariff liberalization, cumulation of origin, electronic commerce, customs cooperation and stop next to exploration of negotiations on investment and facilitating the movement of people.
Chile, Peru, Colombia and Mexico, together with observers Panama and Costa Rica have experienced an average annual growth of exports of goods to the world the order of 8% and imports 7% between 2007 and 2011.
Regarding Asia, member countries of the Pacific Alliance in 2011 exported 71 billion dollars, with an average annual growth in shipments to the region of 13% between 2007 and 2011.
These countries represent 40% of GDP in Latin America and 55% of its exports to the world.
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