Services and capitals

About us

The Pacific Alliance seeks to achieve the free circulation of services and capital among its members, for which the Technical Group of services and Capitals works based on two pillars:

  • Position itself as an attractive destination for investment and trade in services; and

  • Increase investment flows and trade in services, among its members and to the rest of the world.

In terms of services, the Pacific Alliance aims to consolidate itself as a leader in the trade of value-added services, to attract development, innovation and growth for the region. In the same way, the insertion in world trade in services is focused on the diversification of the exportable supply of services.

In terms of investment, the Pacific Alliance aims to promote the investment of member countries with the rest of the world and intra-Alliance investment, under clear, stable, comprehensive and integral rules. The member countries hope to boost investments among the business sectors of the Alliance to structure it as a market of great importance for the Asia-Pacific and for the world.

GROUP COORDINATOR – COLOMBIA

Director of Foreign Investment and Services
Ministry of Commerce, Industry and Tourism
[email protected]

MEMBERS OF THE TECHNICAL GROUP

Country Name Organization
Chile Tania Pierotic DIRECON
Colombia Adriana Rivera MinCIT
Colombia Monica Franco MinCIT
Colombia Julian Zuluaga MinCIT
México Ana Isadora López Secretaria de Economía
México Maria Julia Escalante Secretaria de Economía
México Blanca Elena Pineda Morín Secretaria de Economía
Perú Karina Tejada MINCETUR
Perú Vanessa Rivas Plata MINCETUR

Mandates

  • The Puerto Vallarta Declaration - July 2018

    • Establish a permanent public-private dialogue mechanism between the Services and Capitals Technical Group and the CEAP to use the Pacific Alliance Investment Facilitation Authority (IFIAP, by its acronym in Spanish).

  • The Cali Declaration - June 2017

    • Develop cooperation actions and exchange of good practices in the area of trade-in services statistics among the member countries of the Pacific Alliance

    • Identify regional projects that make up the work agenda of the Investment Facilitation Initiative of the Pacific Alliance.

    • Promote the Investment Facilitation Initiative of the Pacific Alliance (IFIAP, by its acronym in Spanish), as an instrument to promote actions to address and provide solutions to investment barriers. The group of services and capitals will inform the Free Trade Commission about the identified obstacles that have not been removed, to adopt the solution actions.

  • The Puerto Varas Declaration - July 2016

    • Advance the voluntary registration of professionals of the Pacific Alliance.

    • Evaluate, in coordination with the Ministries of Finance, the existing barriers in tax and customs matters in order to promote and facilitate the export of services among the member countries of the Pacific Alliance.

  • The Paracas Declaration - June 2015

    • Develop standards and criteria for the provision of professional services that facilitate the movement of professional service providers in the region.

    • Start the construction of a Common Digital Agenda, aware that our integration into the digital world will have a decisive impact on our economic and social future.

    • Conclude the negotiation of the “Memorandum of Understanding among the Consumer Protection Agencies of the Pacific Alliance”, whose objective will be to establish a scheme of cooperation, mutual assistance and information exchange, in order to strengthen and improve orientation, protection and defense of consumers in the region.

    • Complete the development of the booklet for the Promotion of Consumer Rights.

    • Conclude the Study to identify good practices for attracting investments.

    • Finalize the assessment of barriers and opportunities for investment in the countries of the Pacific Alliance.

    • Develop projects that contribute to improving the investment climate and trade in services in the member countries.

  • The Punta Mita Declaration - June 2014

    • Continue developments in telecommunications and electronic commerce, in order to achieve deeper integration in accordance with international trends in these issues.

    • Prepare a study to identify the barriers and investment opportunity areas for a greater flow of capital within the region and beyond.

    • Work in a coordinated way on projects that contribute to an environment of greater certainty for investors.

  • The Cartagena Declaration - January 2014

    • To ensure that these first steps towards deep integration are sustainable and multiply, it is necessary to work on the mutual recognition or homologation of professional titles and licenses, and on the reduction or elimination of the restrictions that remain within the Alliance at a technical level and in terms of access to services and investment.

    • In the short term, we instruct: To our authorities to continue negotiations on air transport and other services, in accordance with the agreements adopted at previous Summits.

    • Share, within the Services and Capitals Group, experiences and visions on the topic of emerging capital markets and analyze their inclusion as part of the Pacific Alliance process, with a view to integrating them.

  • The Cali Declaration - May 2013

    • Conclude the negotiation of an Investment Chapter that improves investment protection standards foreseen in the previous bilateral agreements, that establishes complementary provisions to them and that reflects the best practices of the countries regarding the investor dispute settlement mechanism – State.

    • Conclude negotiations on financial services, telecommunications, maritime services and air transport. On Air Transport, achieve a first stage of agreements for cargo and passengers, with 3rd, 4th and 5th freedoms on intraregional flights between the countries of the Alliance without restrictions.

  • The Santiago Declaration - January 2013

    • During the first half of this year, the negotiations will have culminated in a set of areas and disciplines that deepen existing bilateral agreements among our counties (…) Services (including Financial Services, Maritime Transport, Telecommunications, Air Services and Professional Services); Investments.

  • The Cadiz Declaration - November 2012

    • The beginning of negotiations on Electronic Commerce in addition to the Free Trade Agreements in force among the countries of the Alliance; as well as, the evaluation of the feasibility of negotiating additional provisions to those established in the international investment agreements in force among the countries of the Alliance that incorporate last generation clauses, particularly in relation to sustainable investment and investment promotion and , if applicable, the respective negotiations will begin.

  • The Paranal Declaration - June 2011

    • Actions are developed to deepen the integration in trade of services and capital in the region, as well as to evaluate the need and convenience of negotiating an Agreement that covers the disciplines of investment and services within the framework of the Pacific Alliance.

      The sessions of the Mixed Joint Committee on Services and Investment, identifying the existing barriers are initiated, in order to facilitate investment and trade in services in the countries of the Alliance.

  • The Lima Declaration - April 2011

    • In a first stage, work in the following areas will be prioritized: business people movement and facilitation for migratory transit, including police cooperation; trade and integration, including trade facilitation and customs cooperation; services and capital, including the possibility of integrating stock exchanges; and, cooperation and dispute settlement mechanisms; and create technical groups for each of these areas.

Achievements

  • 2017

    • Launch of the initiative to facilitate investments in the Pacific Alliance with the support of the World Bank at the Business Summit of June 2017 in Cali, Colombia.

  • 2016

    • The Operating Framework of the Registry of Professional Services was agreed in order to promote the negotiation of License Recognition Agreements in the Pacific Alliance. It was proposed to start with the engineering profession and negotiations began between colleges and professional engineering councils.

    • The Professional Associations of Engineering, together with the relevant Ministries of Foreign Trade, began negotiations for the incorporation of the Operational Framework for the Voluntary Registration of Professional Engineers of the Pacific Alliance in each of the countries of the region.

  • 2015

    • The commitments on Electronic Commerce and Telecommunications were deepened in order to promote digital integration in the region.

    • The GTSC built the initial proposal for the creation of a Digital Agenda of the Pacific Alliance. This Project originated the creation of a new Digital Agenda Technical Group that would be in charge of developing the actions derived from this proposal.

    • The negotiation of the “Memorandum of Understanding among the Consumer Protection Agencies of the Pacific Alliance” and the Consumer Rights Promotion Booklet was concluded. These works were developed in the technical subgroup of consumer protection.

  • 2014

    • Exchange of experiences and best practices in prevention and attention of investment disputes.

  • 2013

    • The commitments of Services in the Commercial Protocol of the Pacific Alliance were established in the chapters of Cross-Border Trade in Services, Investment, Maritime Services, Financial Services, Telecommunications, Electronic Commerce.

  • 2012

    • Creation of a Mixed Joint Committee for the improvement of the investment climate and the promotion of trade in services in the Pacific Alliance.

Work in progress

  • Voluntary registration of engineering professionals. The group has been working and accompanying the Voluntary Registration negotiations with the professional engineering councils and associations of the Alliance since January 2017, to facilitate temporary permits for the professional practice of engineers in the countries of the Pacific Alliance.

  • Study on Trade in Services with the support of the World Bank. An analysis of the service sectors is being carried out from three work components: i) commercial flow of Pacific intra-alliance services; ii) workshop on the exchange of experiences in the promotion of foreign trade in services; and iii) regulatory framework for payment methods in the countries of the Pacific Alliance.

  • Instance for Facilitation of Investment of the PA (IFIAP, by its acronym in Spanish). This body seeks to increase intraregional investment flows in the Pacific Alliance by improving the investment climate of the member countries of the PA by eliminating the inhibitors to foreign direct investment (FDI) identified by the private sector. The Group and the World Bank are working on the establishment of a roadmap for the identification and elimination of investment inhibitors in the four countries and at the regional level by 2018.

About us

About us

The Pacific Alliance seeks to achieve the free circulation of services and capital among its members, for which the Technical Group of services and Capitals works based on two pillars:

  • Position itself as an attractive destination for investment and trade in services; and

  • Increase investment flows and trade in services, among its members and to the rest of the world.

In terms of services, the Pacific Alliance aims to consolidate itself as a leader in the trade of value-added services, to attract development, innovation and growth for the region. In the same way, the insertion in world trade in services is focused on the diversification of the exportable supply of services.

In terms of investment, the Pacific Alliance aims to promote the investment of member countries with the rest of the world and intra-Alliance investment, under clear, stable, comprehensive and integral rules. The member countries hope to boost investments among the business sectors of the Alliance to structure it as a market of great importance for the Asia-Pacific and for the world.

GROUP COORDINATOR – COLOMBIA

Director of Foreign Investment and Services
Ministry of Commerce, Industry and Tourism
[email protected]

MEMBERS OF THE TECHNICAL GROUP

Country Name Organization
Chile Tania Pierotic DIRECON
Colombia Adriana Rivera MinCIT
Colombia Monica Franco MinCIT
Colombia Julian Zuluaga MinCIT
México Ana Isadora López Secretaria de Economía
México Maria Julia Escalante Secretaria de Economía
México Blanca Elena Pineda Morín Secretaria de Economía
Perú Karina Tejada MINCETUR
Perú Vanessa Rivas Plata MINCETUR
Mandates

Mandates

  • The Puerto Vallarta Declaration - July 2018

    • Establish a permanent public-private dialogue mechanism between the Services and Capitals Technical Group and the CEAP to use the Pacific Alliance Investment Facilitation Authority (IFIAP, by its acronym in Spanish).

  • The Cali Declaration - June 2017

    • Develop cooperation actions and exchange of good practices in the area of trade-in services statistics among the member countries of the Pacific Alliance

    • Identify regional projects that make up the work agenda of the Investment Facilitation Initiative of the Pacific Alliance.

    • Promote the Investment Facilitation Initiative of the Pacific Alliance (IFIAP, by its acronym in Spanish), as an instrument to promote actions to address and provide solutions to investment barriers. The group of services and capitals will inform the Free Trade Commission about the identified obstacles that have not been removed, to adopt the solution actions.

  • The Puerto Varas Declaration - July 2016

    • Advance the voluntary registration of professionals of the Pacific Alliance.

    • Evaluate, in coordination with the Ministries of Finance, the existing barriers in tax and customs matters in order to promote and facilitate the export of services among the member countries of the Pacific Alliance.

  • The Paracas Declaration - June 2015

    • Develop standards and criteria for the provision of professional services that facilitate the movement of professional service providers in the region.

    • Start the construction of a Common Digital Agenda, aware that our integration into the digital world will have a decisive impact on our economic and social future.

    • Conclude the negotiation of the “Memorandum of Understanding among the Consumer Protection Agencies of the Pacific Alliance”, whose objective will be to establish a scheme of cooperation, mutual assistance and information exchange, in order to strengthen and improve orientation, protection and defense of consumers in the region.

    • Complete the development of the booklet for the Promotion of Consumer Rights.

    • Conclude the Study to identify good practices for attracting investments.

    • Finalize the assessment of barriers and opportunities for investment in the countries of the Pacific Alliance.

    • Develop projects that contribute to improving the investment climate and trade in services in the member countries.

  • The Punta Mita Declaration - June 2014

    • Continue developments in telecommunications and electronic commerce, in order to achieve deeper integration in accordance with international trends in these issues.

    • Prepare a study to identify the barriers and investment opportunity areas for a greater flow of capital within the region and beyond.

    • Work in a coordinated way on projects that contribute to an environment of greater certainty for investors.

  • The Cartagena Declaration - January 2014

    • To ensure that these first steps towards deep integration are sustainable and multiply, it is necessary to work on the mutual recognition or homologation of professional titles and licenses, and on the reduction or elimination of the restrictions that remain within the Alliance at a technical level and in terms of access to services and investment.

    • In the short term, we instruct: To our authorities to continue negotiations on air transport and other services, in accordance with the agreements adopted at previous Summits.

    • Share, within the Services and Capitals Group, experiences and visions on the topic of emerging capital markets and analyze their inclusion as part of the Pacific Alliance process, with a view to integrating them.

  • The Cali Declaration - May 2013

    • Conclude the negotiation of an Investment Chapter that improves investment protection standards foreseen in the previous bilateral agreements, that establishes complementary provisions to them and that reflects the best practices of the countries regarding the investor dispute settlement mechanism – State.

    • Conclude negotiations on financial services, telecommunications, maritime services and air transport. On Air Transport, achieve a first stage of agreements for cargo and passengers, with 3rd, 4th and 5th freedoms on intraregional flights between the countries of the Alliance without restrictions.

  • The Santiago Declaration - January 2013

    • During the first half of this year, the negotiations will have culminated in a set of areas and disciplines that deepen existing bilateral agreements among our counties (…) Services (including Financial Services, Maritime Transport, Telecommunications, Air Services and Professional Services); Investments.

  • The Cadiz Declaration - November 2012

    • The beginning of negotiations on Electronic Commerce in addition to the Free Trade Agreements in force among the countries of the Alliance; as well as, the evaluation of the feasibility of negotiating additional provisions to those established in the international investment agreements in force among the countries of the Alliance that incorporate last generation clauses, particularly in relation to sustainable investment and investment promotion and , if applicable, the respective negotiations will begin.

  • The Paranal Declaration - June 2011

    • Actions are developed to deepen the integration in trade of services and capital in the region, as well as to evaluate the need and convenience of negotiating an Agreement that covers the disciplines of investment and services within the framework of the Pacific Alliance.

      The sessions of the Mixed Joint Committee on Services and Investment, identifying the existing barriers are initiated, in order to facilitate investment and trade in services in the countries of the Alliance.

  • The Lima Declaration - April 2011

    • In a first stage, work in the following areas will be prioritized: business people movement and facilitation for migratory transit, including police cooperation; trade and integration, including trade facilitation and customs cooperation; services and capital, including the possibility of integrating stock exchanges; and, cooperation and dispute settlement mechanisms; and create technical groups for each of these areas.

Achievements

Achievements

  • 2017

    • Launch of the initiative to facilitate investments in the Pacific Alliance with the support of the World Bank at the Business Summit of June 2017 in Cali, Colombia.

  • 2016

    • The Operating Framework of the Registry of Professional Services was agreed in order to promote the negotiation of License Recognition Agreements in the Pacific Alliance. It was proposed to start with the engineering profession and negotiations began between colleges and professional engineering councils.

    • The Professional Associations of Engineering, together with the relevant Ministries of Foreign Trade, began negotiations for the incorporation of the Operational Framework for the Voluntary Registration of Professional Engineers of the Pacific Alliance in each of the countries of the region.

  • 2015

    • The commitments on Electronic Commerce and Telecommunications were deepened in order to promote digital integration in the region.

    • The GTSC built the initial proposal for the creation of a Digital Agenda of the Pacific Alliance. This Project originated the creation of a new Digital Agenda Technical Group that would be in charge of developing the actions derived from this proposal.

    • The negotiation of the “Memorandum of Understanding among the Consumer Protection Agencies of the Pacific Alliance” and the Consumer Rights Promotion Booklet was concluded. These works were developed in the technical subgroup of consumer protection.

  • 2014

    • Exchange of experiences and best practices in prevention and attention of investment disputes.

  • 2013

    • The commitments of Services in the Commercial Protocol of the Pacific Alliance were established in the chapters of Cross-Border Trade in Services, Investment, Maritime Services, Financial Services, Telecommunications, Electronic Commerce.

  • 2012

    • Creation of a Mixed Joint Committee for the improvement of the investment climate and the promotion of trade in services in the Pacific Alliance.

Work in progress

Work in progress

  • Voluntary registration of engineering professionals. The group has been working and accompanying the Voluntary Registration negotiations with the professional engineering councils and associations of the Alliance since January 2017, to facilitate temporary permits for the professional practice of engineers in the countries of the Pacific Alliance.

  • Study on Trade in Services with the support of the World Bank. An analysis of the service sectors is being carried out from three work components: i) commercial flow of Pacific intra-alliance services; ii) workshop on the exchange of experiences in the promotion of foreign trade in services; and iii) regulatory framework for payment methods in the countries of the Pacific Alliance.

  • Instance for Facilitation of Investment of the PA (IFIAP, by its acronym in Spanish). This body seeks to increase intraregional investment flows in the Pacific Alliance by improving the investment climate of the member countries of the PA by eliminating the inhibitors to foreign direct investment (FDI) identified by the private sector. The Group and the World Bank are working on the establishment of a roadmap for the identification and elimination of investment inhibitors in the four countries and at the regional level by 2018.

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