The Pacific Alliance and its Objectives
The Pacific Alliance is a regional integration initiative whose member states are Chile, Colombia, Mexico and Peru. The Pacific Alliance was created on April 28, 2011.
Its objectives are:
- Build, in a participatory and consensual manner, an area of deep economic integration and to move gradually toward the free circulation of goods, services, capital and persons.
- Promote the larger growth, development and competitiveness of the Parties’ economies, aiming at achieving greater welfare, overcoming socio-economic inequality and achieving greater social inclusion of their inhabitants.
- Become a platform for political articulation, and economic and trade integration, and project these strengths to the rest of the world, with a special emphasis on the Asia-Pacific region.