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Pacific Alliance Regional Value Chains and Cumulation of Origin Seminar held in Bogotá, Colombia

Friday, November 24 of 2017. Regional Value Chains and Cumulation of Origin Seminar held in Bogotá, Colombia with the support of the Interamerican Development Bank.

Participants of the seminar highlighted the cumulation of origin as a tool to achieve an effective integration in regional and global value chains, being one of the main achievements of the Trade Protocol of the Pacific Alliance to allow this to happen.

The seminar is part of the identified activities in the roadmap established in Buenos Aires between the ministers of Pacific Alliance and Mercosur on April 7, 2017.

The Pacific Alliance was born as an economic and development initiative between four countries of Latin America: Chile, Colombia, Mexico, and Peru. Since the year 2011, the Pacific Alliance has become the axis of a new way to make business in Latin America.

The key is the articulation of forces that goes beyond borders. This is a political and economic articulation mechanism of cooperation and integration that aims to find a space to promote a greater growth and competitiveness of the four economies that conform it. Members of the Pacific Alliance trust that this is possible through a progressive advance of the free movements of goods, services, capital, and people.