What is the Pacific Alliance?

The Pacific Alliance is an initiative of regional integration comprised by Chile, Colombia, Mexico and Peru, officially established on April 28th, 2011. Its objectives are:

  • Build in a participatory and consensual way an area of deep integration to move progressively towards the free mobility of goods, services, resources and people.

  • Drive further growth, development and competitiveness of the economies of its members, focused on achieving greater well-being, overcoming socioeconomic inequality and promote the social inclusion of its inhabitants.

  • Become a platform of political articulation, economic and commercial integration and projection to the world, with emphasis on the Asia-Pacific region.

The Pacific Alliance is a strategic platform

-It is an open and inclusive integration process, formed by countries with alike views on development that are free trade promoters.

-It’s a dynamic initiative with high potential and business projection.

-Together, the economies of the four countries, are the eighth greatest economy in the world.

-Is oriented towards modernity, pragmatism, and political will to face the challenges of the international economic environment.

-It offers competitive advantages for international business, with a clear orientation towards Pacific Asia.

The Pacific Alliance is open to free trade

-The Pacific Alliance is the eighth economic power and the eighth export force worldwide.

-In Latin America and the Caribbean the block of countries represent the 38% of the GDP, 50% of the total trade and attracts 45% of the Foreign Direct Investment.

-The four countries gather a population of 225 million persons and have an average per capita GPD of USD 18 000.

-The population is mainly young and constitutes a qualified labor force as well as an attractive subset of consumers whose purchase power is in constant growth.

Effective cooperation space that promotes innovative initiatives

-Free mobility of people.

-Preservation and respect for the environment.

-Creation of a scientific research network on climate change.

-Academic and student exchange.

-Cultural promotion.

-Integration of securities markets.

-Opening of joint commercial offices and participation in fairs and exhibitions in the same space.

-Improvement in the competitiveness and innovation of micro, small and medium enterprises.