Pacific Alliance

• Friday, June 10th 2016 - 08:13 UTC

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

  

  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

  

  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 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”

  

  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.

• Wednesday, December 23rd 2015 - 09:17 UTC

  Macri's priorities: Mercosur, trade agreement with EU and the Pacific Alliance

  

  Argentine president Mauricio Macri pledged full support for Mercosur which he defined as a 'long term strategic project', called for a quick trade agreement with the European Union and closer ties with 'our partners from the Pacific Alliance'.

• Tuesday, December 22nd 2015 - 15:29 UTC

  Chile calls for a South American convergence; pledges to bring together Mercosur and Pacific Alliance

  

  Chilean president Michelle Bachelet called for “a convergence among governments” of South America despite the “political and ideological differences”, and anticipated that Chile will strongly promote the rapprochement between Mercosur and the Pacific Alliance.

• Monday, December 21st 2015 - 07:00 UTC

  Mercosur summit agenda includes trade, energy, human rights; Venezuela's Maduro absent

  

  Paraguay foreign minister Eladio Loizaga advanced some of the issues that will addressed on Monday's Mercosur presidential summit, when all of the members of the group's heads of state have confirmed their attendance, except Venezuela's Nicolas Maduro, plus leaders from associate members.

• Monday, November 16th 2015 - 08:36 UTC

  Latin America expanding at a “two-speed” rate: Pacific Alliance and Mercosur

  

  Latin America is expanding at a 'two-speed' rate according to the latest report from the Spanish bank BBVA, pointing out that the Pacific Alliance is expected to grow 2.5% in 2015/16, while Mercosur will be lagging with a contraction of 2% to 1.5%.

• Tuesday, October 13th 2015 - 07:13 UTC

  Pacific Alliance members outstand in Latin American performance, says IMF

  

  Brazil is still by far the largest economy in Latin America despite its recession and the impact of the devaluation of the Real, according to the latest report from the International Monetary Fund (IMF), which said Venezuela dropped to the position of the region’s seventh-largest economy with a GDP that’s now half the size of Colombia’s.

• Tuesday, September 22nd 2015 - 07:15 UTC

  Which lawmakers from the Pacific Alliance are paid the most?

  

  Of all four Pacific Alliance countries, Colombia spends most on its congressional representatives, despite the South American country’s low wages. According to a report published on Monday by economic newspaper La Republica, the state pays Colombia’s congressmen a total of nearly $2.1 million per month in salaries, almost double the total of Chile, whose congressmen have the highest individual salaries, but in total cost the state $1.2 million per month.