Wednesday, April 24th 2013 - 23:46 UTC

Three Latam presidents pledge inclusive growth through comprehensive reforms

Three Latin American presidents called for inclusive growth in the region through comprehensive reforms at the opening of the 2013 World Economic Forum on Latin America which is taking place in Lima, Peru.

The three presidents Ollanta, Martinelli and Peña Nieto with WEF founder Schwab (left)

Presidents Ollanta Humala of Peru, Ricardo Martinelli of Panama and Enrique Peña Nieto of Mexico joined Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, in a discussion on their approaches to ensure sustained economic growth and regional progress.

Despite some national differences, Mexico, Panama and Peru exemplify countries whose governments are pushing comprehensive reform agendas and implementing public policies to bring about economic growth and inclusive prosperity at all levels of society.

President Humala explained that his mission for Peru is to grow economically and distribute this growth throughout society. His credo of “social inclusion as a result of growth, and growth as a result of social inclusion” was echoed by both Presidents Peña Nieto and Martinelli.

All three countries are implementing economic and financial reforms that permit greater private sector competition domestically and draw growing investment from abroad. Social policies in healthcare, nutrition and education are contributing to better living standards, greater social mobility and more economic opportunity, especially for the poor. A political system of participatory democracy invites dialogue among different stakeholders on the nature of reforms and ways to implement them successfully.

The sustained growth of Peru, Panama and Mexico, resulting from these policies and their integration into the regional and global economies through tax treaties and free trade agreements, is changing the status of Latin America in the global context. President Martinelli observed that “Latin America is no longer a mere spectator… but a player” on the international stage.

The co-chairs of the meeting reflect the international character of the participants: Baroness Valerie Amos, Undersecretary-General for Humanitarian Affairs and Emergency Relief Coordinator, United Nations, New York; Global Agenda Council on Catastrophic Risks; Michel M. Liès, Group Chief Executive Officer, Swiss Re, Switzerland; Gérard Mestrallet, Chairman and Chief Executive Officer, GDF SUEZ, France; Carlos Rodríguez-Pastor, Chairman, Intercorp, Peru; Arne Sorenson, President and Chief Executive Officer, Marriott International, US.
 

14 comments Feed

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1 briton (#) Apr 25th, 2013 - 12:23 am Report abuse
Mmm
1 2 3 yep?
Defiantly 3 presidents,
And one extra man.
Laugh man
Have you no sense of humour lol.
.
2 Elena (#) Apr 25th, 2013 - 12:27 am Report abuse
Good news hope to get some more info about this reunion, all this presidents are involved in the Pacific Alliance, and it would be interesting to see concrete steps in advancing it.
3 John Troll the 3rd (#) Apr 25th, 2013 - 01:26 am Report abuse
Argentina: NEVER yield to the northeners.
4 Anglotino (#) Apr 25th, 2013 - 01:34 am Report abuse
I didn't see Argentina mentioned in the article. After all, the article talked about “countries whose governments are pushing comprehensive reform agendas and implementing public policies to bring about economic growth and inclusive prosperity at all levels of society” so that rules Argentina out anyway.

Don't worry Nostrils you're getting what you want. You can go away now.

@2 Elena
As far as I was aware, Panama was applying for membership. Is it official yet? To join, I think you have to implement certain visa and customs regulations more than grandstand with empty rhetoric like many other trade blocks.
5 Elena (#) Apr 25th, 2013 - 02:23 am Report abuse
@4 Anglotino

Panama is already an observer state thecostaricanews.com/pacific-alliance-will-close-its-tariff-agreement-before-march-31/14569
and along with Costa Rica very soon will become a full member of the PA. It just needs to get an agreetment with Colombia and Mexico for the neccesary FTA´s
6 Anglotino (#) Apr 25th, 2013 - 02:47 am Report abuse
Elena

Australia is also an observer, however I don't think our visa regime will allow us to become a full member. However I hope we integrate a lot more. I don't think we trade enough with Latin America and I think we should be looking to ease travel restrictions to do it.

Unfortunately every country except New Zealand needs prior permission before travelling here.
7 Elena (#) Apr 25th, 2013 - 03:07 am Report abuse
Yes indeed, but Panama already agreed to lift it´s visa requeriments for tourist as well as entrepreneurs since the second summit, and after consulting some recent news it seems Panama got an agreetment on the FTA with Colombia and Mexico so soon it will become a full member. All Latam member countries of the PA have made a priority to lift visas between each other so there can be a more profound integration. PA looks to get free pass of goods, ppl(from students to entrepreneurs) and services between members.

I think is great for Australia to have more comerce with Latam, you are right in that the visa can be restrictive but it may not have to lift it completely so soon to develop more comerce IMO but I don´t really know much about Australia status inside the Pacific Alliance to tell you the truth, you may know a lot more than me :-)
8 Stevie (#) Apr 25th, 2013 - 05:22 am Report abuse
I like this a lot. Especially the line

“growth as a result of social inclusion”

The fact that Mexico is in there is very interesting.

Handouts they called it....

Hahaha
9 Elena (#) Apr 25th, 2013 - 05:47 am Report abuse
Well, yes, we fear PRI has yet to let go it´s populist tendencies, it isn´t coincidence it needs the other two big parties to get some level of trust and leverage for reforms, I am happy so far the opposition is calling PRI out on it.

And The Pacific Alliance from what it´s indeed tries to develop grow , I am very happy to see how this group has advanced in getting Latam countries closer making it a virtuous circle of mutual help. And a manner to get close to China and the rest of Asia in a more asertive way :-)
10 Stevie (#) Apr 25th, 2013 - 10:26 am Report abuse
If the Pacific Alliance introduce growth as a result of social inclusion, Mercosur and PA would be two sides of the same coin.

A Latin American trade alliance, for a starter?
11 Conqueror (#) Apr 25th, 2013 - 10:53 am Report abuse
@10 “mercosur” has major problems. It believes in interfering in the internal affairs of other countries. It's not democratic. It's autocratic. And it has argieland in it. But let's try “reality”. “A Latin American trade alliance”. Joke. If Chile, Colombia, Mexico and Peru wanted to be like “mercosur”, they could have joined. The fact that Chile and Peru have “mercosur” associate member status but are in the Pacific Alliance as full members should tell you a lot. “Seen it, didn't like it”.
12 Anglotino (#) Apr 25th, 2013 - 10:53 am Report abuse
Mercosur and the Pacific Alliance the same thing!

Haha

Hahahahaha

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I didn't know you were such a comedian Stevie!

Same thing!
13 Stevie (#) Apr 25th, 2013 - 11:02 am Report abuse
Same thing? Not at all, but if the PA introduces the same politics as Mercosur, they will be.
They can always introduce them and take the credit for coming up with the idea. That's fine too, we need no credit.
We need social inclusion to spread all across Latin America.
14 Elena (#) Apr 25th, 2013 - 09:16 pm Report abuse
10 Stevie

That was the intention from the beggining, to get closer ties between all Latam countries each one with their prefered model. PA is open to have ties with Mercosur, Uruguay show itself as a bridge between PA and mercosur when it became an observer of the PA and even Paraguay and Brazil have asked to be observers too and it doesn´t mean they will leave Mercosur as their principal economic activities are done there. As I see it, this isn´t a zero-sum game, you can be part or not of either the PA and Mercosur, or part of both each country has it´s priorities and pov.

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