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Montevideo, February 25th 2017 - 19:03 UTC

Pacific Alliance

  • Friday, July 1st 2016 - 08:30 UTC

    Pacific Alliance members plan financial integration investing pension funds in infrastructure

    Pension funds in the Pacific Alliance countries have about US$404 billion in investments, according to the Inter-American Development Bank

    The Pacific Alliance must improve integration of financial systems to spur investment in key areas such as infrastructure, finance ministers from the four member nations said on Thursday. The group, composed of Colombia, Mexico, Chile, and Peru, has already reached several accords in areas such as free commerce and immigration rules, but admitted that significant opportunities for integration remained.

  • Thursday, June 30th 2016 - 15:46 UTC

    Pacific Alliance summit in Chile convenes seven regional presidents

    President Michelle Bachelet will be joined by her Alliance peers, Ollanta Humala (Peru); Juan Manuel Santos (Colombia), and Enrique Pena Nieto from Mexico.

    Six Latin American leaders and a president-elect will be participating in the two day Pacific Alliance business forum and presidential summit hosted by Chile and beginning on Thursday.

  • Wednesday, June 29th 2016 - 05:12 UTC

    Pacific Alliance, under Chilean presidency will speed closer links with Mercosur

    Bachelet as the Alliance president will push to expand into the Asia-Pacific basin markets, as well as the 49 observer countries and Mercosur

    The Pacific Alliance under the helm of Chile, beginning next July first will reach out for closer links with Mercosur, particularly since Argentina's decision to join the block as an observer. “The Argentine decision to join the Pacific Alliance as an observer fully harmonizes with Chile's strategy of making both blocks converge”, according to Andres Rebolledo, head of Chile's Directorate of International Economic Relations.

  • Thursday, June 16th 2016 - 08:20 UTC

    Canada and Pacific Alliance establish long term strategic partnership

    “Canada has supported the Pacific Alliance since its inception, as well as its collaborative approach to promoting trade and investment,” said Freeland.

    Canada became the first observer country to enter into a strategic partnership with the Pacific Alliance. Chrystia Freeland, minister of International trade and ministers of the four countries of the alliance—Chile, Colombia, Mexico and Peru—signed a joint declaration today in Mexico City.

  • Thursday, June 16th 2016 - 07:25 UTC

    Macri attends economic forum in Colombia; reaffirms Argentina's commitment to the Pacific Alliance

    “Mercosur needs a greater integration dynamics and must be open to work with other regional blocks such as the Pacific Alliance”, Macri said at the Nariño Palace.

    Argentine president Mauricio Macri said Mercosur needs “a greater integration dynamics” and defended the idea that the Atlantic regional block country members work to reach agreements with countries of the Pacific Alliance.

  • Monday, June 13th 2016 - 17:20 UTC

    Chilean salmon industry controversy over the use of antibiotics

    Figures from 46 salmon companies, operating in freshwater and the sea, pushed the consumption rate per ton of salmon to its highest point: 660 grams per ton.

    The use of antibiotics in the Chilean salmon industry reached 557 tons in 2015, according to the latest report of the National Fisheries and Aquaculture Service (SERNAPESCA), a figure consolidating the tendency to their intensive use over the past five years.

  • Friday, June 10th 2016 - 08:13 UTC

    Argentina closer to the Alliance of the Pacific; Macri expected at the summit in Chile

    The announcement was made by Chile's foreign minister Heraldo Munoz following the Alliance's Ministers Council in Mexico City in anticipation of the July summit st.

    The Alliance of the Pacific approved Argentina's request to join the group as an observer country, signaling a new turn in president Mauricio Macri's foreign policy. The announcement was made by Chile's foreign minister Heraldo Munoz following the Alliance's Ministers Council in Mexico City in anticipation of the summit scheduled for July first.

  • Saturday, March 12th 2016 - 05:40 UTC

    Chile's challenge: disposing 27.700 tons of algae/bloom dead salmon

    Sernapesca director José Miguel Burgos reported that the Chilean Navy authorized the dumping of 300 tons dead salmon at sea, 75 miles offshore

    More than 27,733 tons, equivalent to 72% of the total salmon mortality caused by algae bloom, have been removed from the farms affected by this contingency, Chile's National Fisheries and Aquaculture Service (Sernapesca) informed. In a new report on the emergency affecting the salmon farming industry in the Chilean southern region of Los Lagos, Sernapesca pointed out that 38 farms have been affected by microalgae bloom in the Concession Groups (ACS) 1, 2, 3A, 6, 7, and 10B, with a total mortality amounting to 23.8 million fish, equivalent to more than 38,500 tons.

  • Wednesday, March 9th 2016 - 07:24 UTC

    As of next May first, 90% of Pacific Alliance trade will be free of tariffs

    The protocol will ensure that 92% of trade will be free of tariffs, while the remaining 8% will face a gradual process, said Chilean official Andres Rebolledo

    The Pacific Alliance Additional Protocol becomes effective next May first, which means 90% of trade between Chile, Peru, Colombia and Mexico will be free of tariffs, while the remaining will be subject to gradual tariff liberation chronogram, according to Andres Rebolledo, head of Chile's International Economic Relations Department, Direcon.

  • Wednesday, March 9th 2016 - 07:13 UTC

    Pacific Alliance four members committed “to solid and orderly public finances”

    Valdes said that despite the depreciation of the four/member Pacific Alliance currencies, “we are all committed in keeping solid and orderly public finances”.

    Pacific Alliance members' commitment to maintaining solid and orderly public finances, in a changing global economic environment is crucial to continue to attract investments, said Chile's Finance minister Rodrigo Valdes currently in New York with his peers from Peru, Colombia and Mexico, to promote the region.