The Pacific Alliance must be ready to react to a possible surprise in the United States presidential election, Mexican Economy Secretary Ildefonso Guajardo said in Chile on Thursday.
The presidents of Chile, Colombia, Mexico and Peru, the four member states of the Pacific Alliance, met on Thursday in the Chilean town of Puerto Varas to strengthen their economic integration in order to deal with the ravages of global finance. They also called for closer links with the European Union to bolster education for development.
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.
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.