Pacific alliance pledges to liberalize intra-trade for 90% of products by March 31

Wednesday, January 30th 2013 - 06:47 UTC

Full article 5 comments

The Alliance of the Pacific, Chile, Peru, Colombia and Mexico have agreed to liberalize 90% of products traded between the group before the end of March 31, a decision which runs counter to the growing protectionism implemented by some of the region’s largest economies on the Atlantic. Read full article

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Anglotino
Well there is a clear economic divide though Latin America. Mercosur versus the Alianza del Pacífico .

Countries are free to choose and the next few years will prove which is better. What's interesting is that Mercosur has been around for 22 years and the Pacific Alliance isn't even formally a year old.

The Pacific Alliance are already merging their stock exchanges and linking their university systems. Also unlike Mercosur they are outward looking with observer status conferred on distant countries such as Canada, Australia and New Zealand.

It would seem that the Pacific Alliance is much more active in concrete actions instead of the waffle and bluster of Mercosur that actively discourages outward looking and whose members concurrently sabotages its internal mechanisms for short term gain.
Jan 30th, 2013 - 01:14 pm - Link - Report abuse 0
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redpoll
Anglo Theres one word I object to - political. Any agreement or alliance should be about trade and nowt else. The minute these types of alliances start talking about political or monetary union things stat going wrong as they have with the Eu and the Mercosur
Jan 30th, 2013 - 02:48 pm - Link - Report abuse 0
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ChrisR
On a light note: anybody else think that Santos looks like William Shatner?

:o)
Jan 30th, 2013 - 07:29 pm - Link - Report abuse 0
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Anglotino
@2 redpoll

I totally agree. You only ave to look at the CER between NZ and Australia to realise that there is no need for a top heavy supranational layer to sit above everyone. We have managed free movement of people and trade, common standards and defence cooperation and don't even have a secretariat. Admittedly only two countries and both similar however it shows it can be done. Hopefully the Pacific Alliance is also pragmatic as they seem to be results focused and not prestige focused.

@3 ChrisR
I... see... what... you... mean. The similarities are indeed... striking!

Sorry that was my best Shatner impression available when typing! You are so right I'm PMSL.
Jan 30th, 2013 - 08:20 pm - Link - Report abuse 0
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Elena
Great, just hope it serves well populations of all countries. :)

I heard Brazil and Portugal asked to be members.
Feb 04th, 2013 - 07:22 pm - Link - Report abuse 0
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