The Pacific Alliance signs Joint Declarations with Japan, OECD and the Eurasian Economic Commission in order to strengthen its external projection

The Ministers of Foreign Affairs and Foreign Trade of Chile, Colombia, Mexico and Peru signed on behalf of the Pacific Alliance, three Joint Declarations with Japan, the Organization for Economic Cooperation and Development (OECD) and the Eurasian Economic Commission, in order to strengthen the external projection of this mechanism.

The declaration signed with Japan reflects the interest of both sides to deepen cooperation in areas of common interest to facilitate the free movement of goods, services, capital and people, identifying some areas such as science, technology and innovation, trade and investment, disaster risk reduction, green growth and sustainable development goals and SMEs, among others of mutual interest.

On the other hand, the declaration signed with the OECD expresses the commitment of the parties to establish solid, productive, strategic and lasting links between them, as well as their interest in promoting greater synergies between the PA’s economic integration process and the policy dialogue and analytical tools developed in the OECD; it also expresses the decision of both parties to collaborate in areas of mutual benefit cooperation such as connectivity, digital economy, global value chains, international regulatory cooperation, SMEs, among others.

Finally, the declaration signed with the Eurasian Economic Commission expresses the decision of both parties to explore mutually beneficial areas of cooperation, including regional economic integration and trade facilitation, as well as promoting contacts between the business communities of the member states of the Commission and the member states of the PA.

The aforementioned instruments were signed as part of the XIV Pacific Alliance Summit held from July 1st to 6th in Lima, Peru.

The Pacific Alliance is a mechanism of deep integration that was created on April 28th, 2011. It seeks to promote greater growth, development and competitiveness through the free movement of goods, services, capital and people. The 2030 Strategic Vision projects the Pacific Alliance as the main commercial integration platform in Latin America and reinforces its action as a more integrated, more global, more connected and more citizen-oriented mechanism.