Entrepreneurship and Innovation Forum of the Pacific Alliance LAB4+ will connect companies from the region for the first time with Korea and Singapore

Year after year, the member countries of the Pacific Alliance, through their promotion agencies ProChile, ProColombia, the Ministry of Economy of Mexico and PromPerú, seek to promote and endorse trade relations with each other and with third markets.

As part of the iconic initiatives to promote exports in the region, the X Entrepreneurship and Innovation Forum of the Pacific Alliance LAB4+, which, in its 9 previous editions, has generated export opportunities for more than USD $70 million and investments for more than $100 million.

The main objective of the Forum is to promote service companies in the region by offering a virtual space in which business opportunities are generated, through one-on-one business meetings, between exporters and buyers of Technological Services, as well as between startups and investors. This year it is expected to have commercial meetings that benefit more than 150 companies from the prioritized sectors.

Likewise, the Forum seeks to position the Pacific Alliance as a regional integration mechanism that promotes entrepreneurship, innovation and trade in services, among its members, and with third countries. According to Endeavor Review, the block has currently received a significant amount of investment from Venture Capital. In 2021 alone, the Pacific Alliance was the destination of 6,158 million dollars from Venture Capital.

Regarding the raising of capital during 2021, in Chile FinTech had a representative increase of 30%; in Mexico FinTech represented 53%. In the case of Colombia, electronic commerce obtained 60%, while Peru was in EdTech with 58%.

This year, Entrepreneurship and Innovation Forum of the Pacific Alliance LAB4+ will focus on the promotion of technological services companies and startups from the bloc in the markets of the United States, Canada and the Pacific Alliance countries themselves. In addition, promoting the projection to the world with special emphasis on Asia, for the first time, the markets of Singapore and Korea were invited. These markets are among the top 15 service importers in the world and among the top 5 on the Asian continent.

Also new in this edition of the Lab4+ Forum is the promotion of the participation of women. According to a study on the Venture Capital Ecosystem in Latin America, “women are still underrepresented in the entrepreneurial ecosystem and are the ones who face the most barriers in terms of access to capital.”

For this reason, of the total number of places available for this X edition, 30% are reserved for companies and startups led by women.

The commercial component of the X Lab4+ Forum will be held from August 8 to 12. The prioritized sectors for the X edition are FinTech, HealthTech, AgriTech, EdTech and IT Services (Internet of Things, Artificial Intelligence, Blockchain, Virtual Reality, Augmented Reality, creative and cultural industries software).

Seminar COVID-19: Lessons learned and its impact on the insurance sector in Latin America

July 13th 2022.- On July 12 and 13, 2022, the virtual seminar ‘COVID-19: Lessons learned and its impact on the insurance sector in Latin America’ was held. This event is part of the activities carried out by the Catastrophic Risk Management Working Group, part of the Council of Finance Ministers, to analyze the risks arising out from the COVID-19 pandemic and its economic impact on the countries of the region.

The seminar included the participation of representatives of the supervisory and regulatory authorities of the insurance sector of the member countries of the Pacific Alliance (PA), personnel from the World Bank, the Pan American Health Organization and the World Health Organization, as well as representatives of the insurance sector of the PA countries.

This seminar allowed to know the real impact of the risks derived from the pandemic, both in the public and private insurance sectors, from the experiences of the actors who faced it, and reflecting on the points to be strengthened in the region to face future challenges of this nature.

Workshop on ‘Design, implementation and monitoring of public policies from the perspective of gender equality’ within the EFE-PA Program, aimed at officials of the Government of Mexico

July 7 and 8, 2022.- The Pacific Alliance Education for Employment Program for sustainable development and skills for employment in the extractive sector of (PA- EFE), financed by the Government of Canada (Global Affairs Canada) and executed by Colleges and Institutes Canada, the Canadian Association of Technological Institutes, developed a two-day face-to-face workshop, in Mexico City, at the Hilton Reforma Hotel, on the “Design, implementation and monitoring of public policies from the perspective of gender equality ”.

In this regard, Brigid Shea, Principal Agent of the PA-EFE Program, at CICan mentions: “We are very pleased to offer this course that will support the development of skills in the design of public policies, their implementation and monitoring from a gender equality perspective in teams in charge of the design, development and monitoring of sectoral policies in the ministerial teams of the four PA countries, contributing to the strengthening of regional dialogue”.

This course benefited 31 public officials from seven different public secretariats of the Mexican state, such as: Ministry of Foreign Affairs, Ministry of Economy, Ministry of Education, Ministry of Welfare, Ministry of Labor and Social Welfare, Ministry of Tourism, and the National Institute for Women.

This activity is one of the last scheduled activities and its purpose is to achieve the objectives of the Gender Equality strategy of the PA-EFE Program and one of the indicators of the Performance Measurement Table, related to the strengthening of policies, guidelines implemented through of the program that significantly cover gender equality considerations and reinforce the empowerment of women.

This course was facilitated by Araceli Vásquez (Gender Equality specialist from Mexico) in coordination with Eliana Gallardo (Regional Consultant for Gender Equality and Indigenous Communities for the PA-EFE Program) and lasted 16 hours, managing to develop in the participants the following skills:

  • Ability to understand basic terms about public policy with a gender equality perspective;
  • Perception regarding gender equality as a category of analysis and a strategic tool in the design and formulation of public policies with a gender equality perspective;
  • Integrate knowledge and resources of public policy analysis with an equality perspective that allows you to improve your performance as personnel responsible for the public function;
  • Knowledge in the cycles of design, implementation and monitoring of public policies from the perspective of gender equality;
  • Knowledge of tools for the mainstreaming of gender equality in public policies.

At the end of the workshop, a certification was granted by CICan, which recognizes the skills developed by each participant.

It is planned that this activity will also be carried out in the other three countries of the Pacific Alliance (Chile, Colombia and Peru) in presence-based modality in the upcoming months, and will also be aimed at officials of the partner ministries that work with the EFE-PA Program.

Launch of the ‘Analysis Report on policies and good practices of gender equality in the countries of the Pacific Alliance’

July 6, 2022.- The Ministry of Foreign Affairs of the Government of Mexico was the venue for the presentation of the ‘Analysis Report on policies and good practices of gender equality in the countries of the Pacific Alliance’ of the Education for Employment Program for sustainable development and skills for employment in the extractive sector of the Pacific Alliance (AP) which is financed by the Government of Canada through Global Affairs Canada and executed by the College and Institutes Canada (CICan).

This report is the product of the teamwork between the four countries under the coordination of CICan to promote the gender equality strategy. This document collects the experiences in the design and implementation of 29 policies and programs in the member countries of the Pacific Alliance. The systematization of the policies was done in two phases, documentary (29 policies) and participative (25 policies) and had the objective of identifying, together, policies and good practices that can be shared between the countries and institutions, as an input to the regional dialogue and knowledge of advances in gender equality.

One of the objectives of the preparation of the report is to disseminate good practices among the countries, with the possibility, beyond the program, of establishing relationships between specialists from public and private entities of the PA countries and promoting horizontal advice based on knowledge about the identified policies.

During both processes of documentary and participative systematization, representatives of the ministries or secretaries of Education, Mining, Energy, Women, Foreign Affairs, Economy were summoned; as well as Universities and other instances of the four countries of the PA.

The report includes the analysis of both phases, as well as recommendations for countries that seek to improve their processes, identify good practices, dialogue with their peers and learn about gender equality policies that are implemented in the 4 countries, promoting dialogue, sharing and learning together.

Read the report here

XXVII Meeting of Finance Ministers of the Pacific Alliance

On July 1, 2022, the XXVII Meeting of Finance Ministers of the Pacific Alliance was held with the presence of the Minister of Finance and Public Credit of Colombia, Mr. José Manuel Restrepo Abondano, and the Deputy Minister of Finance and Public Credit of Mexico, Mr. Gabriel Yorio González; and virtually with the presence of the Minister of Economy and Finance of Peru, Mr. Oscar Graham Yamahuchi, and the Coordinator of Finance and International Affairs of the Ministry of Finance of Chile, Mrs. Carola Moreno. The meeting was chaired by Deputy Minister Yorio, since Mexico holds the pro-tempore presidency of the Pacific Alliance.

July 3, 2022.- The Finance Ministers of the Pacific Alliance (PA) met in a hybrid way on July 1 in Mexico City, to celebrate the XXVII Meeting of PA Finance Ministers.

The meeting began with a space for dialogue on the economic challenges faced by the Alliance, derived from global risks, especially those related to inflationary pressures, capital rebalancing and the monitoring of tensions derived from geopolitical conflicts.

The ministers highlighted the challenges that emerging countries face due to the high financing costs, derived from the rise in interest rates, in a post-pandemic context. Additionally, they determined the importance of developing fiscal policies that allow reducing the effects that inflation has had on energy and food, highlighting the commitment to continue acting decisively to protect the most vulnerable populations of the member countries of the PA.

Afterwards, they made a reflection session on the future of the Pacific Alliance within the framework of the Strategic Vision 2030, adopted in 2018, with a view to continuing to work on the four axes: more integrated, more global, more connected and more citizen . The ministers highlighted the importance of having medium-term work agendas aimed at: i) deepening the regional capital market; ii) strengthen the financial management of the risk of natural disasters, and iii) establish mechanisms to increase financial resources to combat climate change and promote inclusive and sustainable growth. Furthermore, within this strategic planning, they expressed the support of the Ministries of Finance of the Pacific Alliance to Peru in the process of accession to the Organisation for Economic Co-operation and Development (OECD).

On the other hand, the ministers analyzed the possible areas of collaboration between the PA and Singapore, which will become the first Associated State of this regional bloc. Taking into account the great progress that Singapore has made in the development of an international digital economy agenda, the interest that exists in collaboration on issues related to the Fintech industry and financial inclusion was highlighted. Likewise, it was recognized that it was possible to learn from the experience of the Asian partner in matters of sustainable growth and capital markets.

Subsequently, Mexico briefly presented the progress of the work plan of the Council of Finance Ministers, among which are the identification of certifications that allow the strengthening of the capacities of officials in Environmental, Social and Governance (ESG) matters; the preparation of common principles of sustainable and resilient infrastructure; the development of work on cybersecurity; the identification of methodology on transition sectors and assets, and the collaboration between international financial organizations to work on pandemic risks.

Finally, the ministers thanked the Inter-American Development Bank for its commitment to the PA, in its role as Technical Secretariat of the Council of Finance Ministers, and technical ally for the development and implementation of initiatives aimed at strengthening the process of financial and economic integration of member countries of this regional integration mechanism.

Pacific Alliance project on homologation and/or mutual recognition of labor skills certifications is presented during EU-LAC High Level Meeting

June 29, 2022.- Today, during the “Final Meeting of EUROsociAL+ / EU-LAC high-level bi-regional dialogue on New Social Contracts and associations for more resilient and inclusive societies”, held at the headquarters of the European Commission in Brussels, the Pacific Alliance (PA) presented its project for the recognition and standardization of labor certifications, which has been selected from more than 140 projects.

The objective of this project is to provide the PA with an operating system for the homologation and/or mutual recognition of labor skills certifications among its member countries: Chile, Colombia, Mexico and Peru. The project has been developed since 2020, the year in which it begins with a comparative study; achieving significant progress by 2021 with the design of the operating model.

Likewise, in 2022, it is contemplated to finalize the pilot plan that will test in practice the theoretical model, unique in the world and that has the technical assistance recruited by EuroSocial and counterpart of ChileValora, in charge of the Network of Labor Qualifications and Certifications of the Pacific Alliance, as part of the PA’s Technical Labor Group.

Pacific Alliance – South Korea negotiations begin

Within the framework of the Meeting of the High Level Group of the Pacific Alliance, held on June 23, 2022, in Santiago de Chile, the beginning of the negotiation process was announced to reach a Free Trade Agreement between the Pacific Alliance and South Korea, which will allow this Asian country to become an Associated State of the Pacific Alliance, once the trade agreement between the parties enters into force.

With this, the countries of the Pacific Alliance reaffirmed the commitment established in the Declaration of Bahía Málaga, to start this process during the first half of this year. In this regard, the Vice Ministers of the Pacific Alliance and the Korean Chief Negotiator instructed their teams to begin work, in accordance with the Terms of Reference agreed for that purpose.

The trade agreement between the countries of the Pacific Alliance and South Korea will further deepen and strengthen the current trade relationship between the five countries, seeking mutual benefit and the development of their inhabitants.

South Korea is among the main trading partners of the countries of the Pacific Alliance and has been an Observer State since 2014. Korea expressed its intention to begin the process to obtain the status of Associated State of the Pacific Alliance in 2018 and it was stipulated in the Declaration of Puerto Vallarta. For the Pacific Alliance, starting this negotiation process will allow it to advance in its objective of becoming a platform for economic and commercial integration with a projection towards the Asia-Pacific region.

The Pacific Alliance commemorated its eleventh anniversary with a cultural event in the European Union

June 16, 2022.- On the occasion of the eleventh anniversary of the creation of the Pacific Alliance (PA), the Missions of Chile, Colombia, Mexico and Peru, and the  European External Action Service –EEAS-, carried out the second cultural meeting in Brussels called “Flavors of the Pacific Alliance”.

Managing Director for the Americas in the European External Action Service, Brian Glynn, pointed out that the Pacific Alliance is a mechanism that since its creation generated deep interest within the European Union, which was ultimately reflected in the PA-EU Joint Declaration signed in 2019 to reflect the strategic cooperation between both regions.

For his part, the representative of the Embassy of Mexico to the European Union, in his capacity as pro tempore presidency, recalled that the Pacific Alliance came out from the need to integrate a common front to address new challenges, both regional and global, and recognizing the importance of dialogue and cooperation to promote a sustainable and sustained economic and social development . He pointed out that, during 2022, the Pacific Alliance will seek to be an increasingly integrated, more global, more connected mechanism that responds decisively and resounding to the needs of its citizens, including cooperation with the European Union.

As for the Ambassador of Peru and the chargés d’affaires of Chile and Colombia highlighted the important achievements of the Alliance in these 11 years, the potential offered by the strategic relationship and cooperation between both blocs and the joint contribution that both mechanisms can do to multilateralism and in defense of their shared values.

The event was held at the facilities of the European External Action Service and brought together more than 200 senior officials from the European Commission as well as the diplomatic corps accredited to the Kingdom of Belgium and the European Union. The musical entertainment included artistic proposals from Chile, Colombia, Mexico and Peru, in addition to culinary samples from the four Latin American countries that were conducive to reinforcing communication channels and resuming cooperation initiatives between both regions.

Pacific Alliance presents in Retina Latina, film series to learn about and take care for the environment

  • From June 9 to July 9, through www.retinalatina.org, the Latin American public will be able to enjoy a sample of nine films, which propose a reflection on the importance of caring for and preserving the environment.

  • Likewise, this initiative, which brings together film productions from the four member countries of the Pacific Alliance – PA (Chile, Colombia, Mexico and Peru), seeks to generate reflections on the human actions that are producing environmental changes on the planet.

June 9, 2022 – Between June 9 and July 9, 2022, the Technical Group on Culture of the Pacific Alliance (PA) made up of Chile, Colombia, Mexico and Peru, presents to the Latin American public the ‘Pacific Alliance Cycle, cinema to learn about and care for the environment’, with a selection of nine films that present the work of leading professionals in the audiovisual sector in the region through www.retinalatina.org.

This film series will be focused on showing the importance of caring for and preserving the environment, in order to generate reflections on human actions that are producing environmental changes on the planet. This initiative is part of the promotion and integration strategy of the work plan defined by the Technical Group on Culture of the Pacific Alliance for the period (2021-2022).

The film showcase will be available for free viewing through www.retinalatina.org or its application for iOS and Android. This digital platform can be visited free of charge from all Latin America and Caribbean countries.

In line with the objective of the cycle, on June 23 there will be a conversation (Facebook Live @mincultura), with the participation of the producers and filmmakers invited to the cycle, with the aim of promoting a dialogue around their films and the sustainable practices they implement in the development of their productions. 

More about the program and the selection of films:

‘Pacific Alliance Cycle, cinema to learn about and take care for the Environment’.

The films will be available at www.retinalatina.org from June 9 to July 9, 2022. 


La Cuenta Regresiva, documentary short film, 2020.

Melty Hearts, short fiction film, 2018.


Meremberg, documentary short film, 2021

Suspensión, documentary feature film, 2021

Relatos de Redención, short fiction film, 2020


Don Isidro, una vida pastoreando, documentary short film, 2016.

Una corriente salvaje, documentary feature film, 2019


Hija de la laguna, documentary feature film, 2015

Dalila, la guardiana del monte, short film, 2018

More about the Technical Group on Culture of the Pacific Alliance 

One of the objectives of the Technical Group on Culture of the Pacific Alliance is to promote the development of the cultural and creative industries of the member countries, based on the international projection of the identity and diversity of its member countries.

vIn this way, as part of the Pacific Alliance’s promotional strategies, a series of film cycles have been developed with different thematic approaches such as ‘The Pacific Alliance Nobels’ (2017), ‘Cinema made or starring women (2020), ‘Indigenous Cinema’ (2020), ‘Year of Freedom: film cycle to highlight our Afro heritage’ (2021) and ‘International Year of the Creative Economy’ (2022).

The Pacific Alliance and Singapore adopt a Work Plan to strengthen economic ties

May 16th, 2022.- A Work Plan between the Pacific Alliance and Singapore was adopted at an event in Mexico City led by Mexican Foreign Secretary Marcelo Ebrard, as President pro tempore of the Pacific Alliance, and Alvin Tan, Minister of State for Trade and Industry of Singapore. 

Also present were officials from the Embassies of Chile, Colombia and Peru accredited in Mexico. 

At the event, the Member States of the Pacific Alliance and Singapore formally adopted the Work Plan in which they express their readiness to work on issues such as: the digital economy, technology and innovation, sustainability, trade facilitation and commercial ties. 

This achievement is part of the work done by the Pacific Alliance to forge relationships with its community of Observer States in line with the goals set forth in the 2030 Strategic Vision of the Pacific Alliance. 

Singapore recently concluded negotiations with the Member States of the Pacific Alliance and will soon become the first Associate State of the mechanism.