The member countries of the Pacific Alliance signed a declaration on the multilateral trading system.

This agreement reaffirms the original conviction of promoting free trade and globalization as engines of the economic and sustainable development of the peoples of the Pacific Alliance.

It is also an expression of defence to open, predictable trade with clear rules underpinned by the multilateral trading system.

The declaration also notes the common determination to address the challenges facing the Multilateral Trade System and restore confidence in it, through measures to strengthen, modernize and reform the WTO in its three pillars: the dispute settlement system, the monitoring and transparency function and the negotiating function.

The text was signed by the presidents of Chile, Sebastian Piñera; from Colombia, Ivan Duque; from Peru, Martin Vizcarra and the Foreign Minister of Mexico, Marcelo Ebrard after the closing session of the XIV Pacific Alliance Summit on July 6th in Lima.