Monday, April 1st 2013 - 19:15 UTC

Chile, Peru, Colombia and Mexico agree to ‘zero tariff’ for 90% of inter-trade

Chile, Peru, Colombia and Mexico plan to sign an accord liberalizing 90% of trade among the group when they meet at the coming Pacific Alliance summit scheduled for May 23 in Colombia announced Chilean Foreign minister Alfredo Moreno.

Chilean minister Moreno made the announcement

“We have agreed that 90% of all products currently traded among the four countries will have zero tariff, following the signing of the document while the rest will have a timetable leading to the same objective”, Moreno told a meeting of foreign correspondents.

Moreno said the agreement would be signed by presidents Sebastián Piñera (Chile); Ollanta Humala (Peru); Juan Manuel Santos (Colombia) and Mexico’s Enrique Peña Nieto in the coming summit of the group that was started in April 2011 in Lima by the four most dynamic economies of Latinamerica representing 35% of the region’s GDP.

The summit in Cali, Colombia, the seventh of the Pacific Alliance will also be receiving leaders of countries that have requested to join as observers among which, Uruguay, Canada, Australia; New Zealand, Japan, Spain and Portugal. Two other countries (from Central America) Panama and Costa Rica have formally requested to join the alliance as full members.

The purpose of the alliance contrary to what happens on the Atlantic coast of South America under the leadership of Brazil is regional integration but promoting growth, competitiveness, free trade, sponsoring private enterprise and foreign investment, mainly through the free circulation of goods, services, capitals and persons.

Chilean minister Moreno said that even when there is no direct relation, both the Pacific Alliance and the Trans-Pacific Partnership, (TPP) have as their main objective “to liberalize trade and promote inclusive development”.

TPP members include besides, Chile, Mexico and Peru, plus Australia, Brunei, Canada, US, Malaysia, New Zealand, Singapore and Vietnam. Their target: reaching a last generation free trade agreement, said Moreno.

Meanwhile it was announced that the 17th round of the TPP negotiations will be held at the end of May in Lima, Peru.
 

18 comments Feed

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1 briton (#) Apr 01st, 2013 - 07:26 pm Report abuse
how many more exusive clubs are going to open in south America,

it will look like the west end soon.
2 slattzzz (#) Apr 01st, 2013 - 07:36 pm Report abuse
TPP members include besides, Chile, Mexico and Peru, plus Australia, Brunei, Canada, US, Malaysia, New Zealand, Singapore and Vietnam. Their target: reaching a last generation free trade agreement, said Moreno.
Oh dear rgenweener left out what a shame can't think why ”will also be receiving leaders of countries that have requested to join as observers among which, Uruguay, Canada, Australia; New Zealand, Japan, Spain and Portugal. Two other countries (from Central America) Panama and Costa Rica have formally requested to join the alliance as full members.
So much for all your SA rhetoric, I said it all along they will drop you like a hot brick soon as the Falklands referendum is done. Rgenweener out in the cold thanks to ......................TMBOA
3 briton (#) Apr 01st, 2013 - 07:40 pm Report abuse
Poor CFK and her beloved Argentina,

unloved
unwanted
not welcome
not wanted
the UN ignores you, the new pope dont wanna get involved,
your so called friends avoid you like dirt,

and you greatest besty matey has just left for another world.

poor CFK,?????she tried , she failed , and she lost.
m
4 slattzzz (#) Apr 01st, 2013 - 07:44 pm Report abuse
guess that leaves them with N Korea, Iran and Sussie
5 briton (#) Apr 01st, 2013 - 07:45 pm Report abuse
ha ha,
the mighty 3 walking dead.lol
6 Condorito (#) Apr 01st, 2013 - 08:12 pm Report abuse
Moreno said:
“Their target: reaching a last generation free trade agreement.”

I would add to that:
“...and to work around Chinese obstinance.”
7 ChrisR (#) Apr 01st, 2013 - 08:13 pm Report abuse
I just wish that Uruguay were OUT of Mercosur, that would be a good start.
8 slattzzz (#) Apr 01st, 2013 - 08:17 pm Report abuse
standby think and doderyover dover will have a response if they can pull themselves away from the legion.......NOT !!!!!
9 Shed-time (#) Apr 01st, 2013 - 10:15 pm Report abuse
Chile = good Latin America.

Why can't they all be like Chile?
10 Frank (#) Apr 01st, 2013 - 10:42 pm Report abuse
@2 'Oh dear rgenweener left out ' they still have TAP... the Trans Atlantic Partnership... of Argentina , Angola, and... um... I think thats it....
11 Fido Dido (#) Apr 02nd, 2013 - 12:20 am Report abuse
This is how wonderful the TTP is, specially for Corporate USA.
youtu.be/-Zr5C6GqubQ
12 Anglotino (#) Apr 02nd, 2013 - 12:23 am Report abuse
The contrast between the Pacific Alliance and Mercosur is already startling.

Mercosur was 22 years old last week and the Pacific Alliance could only be consider 2 this month.

There is a clear choice in Latin America at the moment and I don't see a huge queue for Mercosur now that it snuck Venezuela in.
13 John Troll the 3rd (#) Apr 02nd, 2013 - 01:05 am Report abuse
Maybe because Chile, Peru, Colombia, Mexico, Canada, Australia, Brunei, Costa Rica have nothing to offer Argentina?

Same reason why Spain, Germany, France, UK, Italy and the rest also have nothing to offer.

Or the USA like back in 2005 when Argentina killed the FTAA single-handedly. As it is now killing the EU-Mercosur agreeement, as it will kill the “Pacific Alliance” agreeement with Argentina when they come asking for it.
14 Anglotino (#) Apr 02nd, 2013 - 03:24 am Report abuse
Hmmm Nostrils what is the common theme here? Oh that's right Argentina cutting its own nose off to spite its face.

So what! Argentina will sabotage and frustrate any free trade agreements.

YOU JUST PROVED MY POINT!

The world is moving on from Mercosur and the Pacific Alliance is proof.

Is the world standing still? Are they all waiting with baited breath for Argentina?

NOPE!

They're moving on doing other deals. Peru and Colombia most recently in your neighbourhood.... they're part of the Pacific Alliance and these countries are already integrating faster than anything Mercosur is doing.

Honestly Nostrils, it must be your youth that deludes you into thinking that Argentina is important in the scheme of things. From your narrow and parochial view sitting in Mendoza without any ability to travel further than your own country's borders, you act as if Argentina matters.

You are getting what you want, Argentina is becoming a backwater. Soon you will hardly be able to buy anything made outside Argentina, which will seemingly make you happy. However your obvious ignorance and juvenile reasoning skills doesn't realise what that will mean.

I'm glad my country is nothing likes yours. I am so glad that your country took the wrong turn more than half a century ago and that forces you to talk about the belle epoch and Argentina's glory days in the past tense while we talk about our in the present and future tense.

I hope that the Pacific Alliance forgoes the trappings of grandeur that so many pathetic little clubs build to showcase their lack of activity - the parliaments and secretariats and buildings of Mercosur and Unasur spring to mind. Instead I look forward to the day where I can take my degree to one of these countries and work without hindrance and then save up a day or two of my pay packet and use it to backpack for a month around Argentina.

Because in your future Nostrils, a day or two pay from these countries will be your Argentinean monthly wage.
15 Condorito (#) Apr 02nd, 2013 - 12:46 pm Report abuse
@13 Toby
“Maybe because Chile, Peru, Colombia, Mexico, Canada, Australia, Brunei, Costa Rica have nothing to offer Argentina? ”

Sure, sure. If this were the case why would Argentina be so protectionist?
To protect the population for all the imports they don't need right.

@14 Anglotino
Toby doesn't really believe much of the nonsense he espouses. He is extremely nationalist and wants to defend his country from all criticism. Unfortunately for him there is no rational argument to defend Argentina's economic management, so he looks for refuge in his unconvincing (unconvincing in that you can tell he doesn't really believe it and unconvincing in that it is riddled with holes) isolationism argument. He is just hiding out in the rubble of all previously destroyed arguments.

It is a shame.
16 John Troll the 3rd (#) Apr 02nd, 2013 - 06:50 pm Report abuse
@14

Then I don't get why in the world the EU, USA, Brazil, Mercosur, China and all the others are putting so much effort through WTO, IMF, etc to forces to change. If we don't matter in the slightest, I don't get it.

A while ago the country of Turkmenistan implemented full 100% tariffs on all foreign products and capped prices and subsidized all utilities for the citizens. No one cared an iota and I don't see the world mobilizing to get back at them for the lack of reforms.

So either we do matter somewhat, or the world just has it totally against us for some reason. But indifference is not one of the options.

And yes I do want to become a backwater. Don't you get it, we don't like your way of life and your worldview of money money, and only money.

That's all you care about.
17 slattzzz (#) Apr 02nd, 2013 - 10:45 pm Report abuse
@16 says TTT living in another country what a complete twat
18 Anglotino (#) Apr 04th, 2013 - 11:20 am Report abuse
@16 Nostril

“I don't get it.”

We have all known this for a very long time.

No one cares if Argentina pulls out of the WTO, IMF, UN etc, but if you have current obligations then live up to them. Until you withdraw totally you'llhave to meet those obligations.

Fair's fair.

As for a backwater, you seem to imagine that Argentina has and is creating some new economic and social paradigm.

It isn't!

Your severe lack of life experience and inability to travel anywhere than within your narrow parochial desires doesn't give you the ability to see that everything Argentina is doing has been done elsewhere before and lead to failure.

Argentineans on the while still clamour for their own version of western affluence and lifestyle and just because the ineptitude of their government frustrates that desire and hinders its attainment, does not mean the desire is not there.

Petulance is not a national trait, just yours.

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