Pacific Alliance

Pacific Alliance Framework Agreement entered into force

The Pacific Alliance Framework Agreement, inked on June 6, 2012 by Presidents of Chile, Colombia, Mexico and Peru, entered into force on Monday.

 

It contains their vision, objectives, structure and the framework for its interaction with foreign parties.

 

The Pacific Alliance, thanks to the contribution of the bloc’s Entrepreneurial Council, has made considerable progress during its first 4 years of existence. In this sense, it has become a stable, dynamic and innovating regional integration mechanism, the Peruvian Chancellery stated.

 

The bloc’s objective is to reach a deep integration area based on the free circulation of goods, services, capital and people.

 

The bloc also aims at becoming an economic and commercial integration platform to be projected to the world with a special emphasis to the Asia-Pacific trade area.

 

During the Pacific Alliance Presidential Summit held in Paracas City (Peru) on July 1-3, the 4 countries reaffirmed their total commitment to the principles included in the Framework Agreement.

 

Likewise, the nations reaffirmed that the establishment of well-defined regulation and a foreseeable legal framework leads to achieving the necessary conditions for reaching a higher economic growth, as well as the development and competitiveness of their economies and the corresponding diversification of trade flows.

 

According to the Chancellery, the Pacific Alliance Framework Agreement entry into force represents a landmark in its development by consolidating at the institutional level. It is the reason why its founding countries: Chile, Colombia, Mexico and Peru celebrate the triumph and reaffirm their commitment to this deep integration process.

Ceplan: Pacific Alliance advances faster than other integration agreements

The Pacific Alliance, composed of Chile, Colombia, Mexico and Peru, advances faster than any other integration bloc, the National Director of Foresight and Strategic Studies at Peru's National Center for Strategic Planning Fredy Vargas affirmed.

In this sense, he considered necessary for the bloc-belonging countries to develop regional value-chains with the aim of "boosting significantly" domestic trade among Member States in the medium-term.

"This group advances at an unexpected rate, faster than any other regional integration bloc, whether in Latin America or other areas in the world. Therefore, we feel very optimistic about its development in the next years," he told.

Additionally, Vargas said it was important to develop regional value-chains, so each country is able to produce intermediate products to be later turned into an end-product and, therefore, exported.

"The businesses that emerge from several sectors are numerous, and these comprise integrating small and micro enterprises with medium and large ones," he added.

Peru to head Pacific Alliance Business Council

After having assumed the Pacific Alliance’s Pro-Tempore Presidency, Peru will head the said bloc’s Business Council. 

It will lead to strengthening the Peruvian entrepreneurs’ participation and integration with their homologues from Colombia, Chile and Mexico, the General Manager of the Foreign Trade Society (Comex Peru) Eduardo Ferreyros announced.

In this sense, he underlined the Peruvian entrepreneurs’ active participation in the bloc. 

“The united entrepreneurs are the ones, who bet on this Pacific Alliance project and see an important path towards development,” Ferreyros expressed.

The said instance is “very strong, since it is composed of entrepreneurs from the four countries, which make up the Pacific Alliance [...]." 

It enables the entrepreneurial sectors from Peru, Chile, Colombia and Mexico to “submit their suggestions to their corresponding Presidents, so the economies are able to continue growing and investments to increase,” Ferreyros told RPP TV and radio station.

With regard to the recent presidential summit of the Pacific Alliance, held last week in Paracas (Ica region), the entrepreneur affirmed it gives Peru a “great value.”

The Pacific Alliance is a 'real deep integration process', says President Humala

Peru’s President Ollanta Humala affirmed the Pacific Alliance is a “true deep integration process” and committed to working with the aim of strengthening the bloc.
Remarks were made after the 10th Summit of the Pacific Alliance officially concluded on Friday afternoon. The gathering reunited government officials and entrepreneurs from its member countries: Colombia, Chile, Mexico and Peru.

The Peruvian Head of State, who assumed the Pro-Tempore Presidency, said he expects other member nations' teams to collaborate with the organization, in order "show the Pacific Alliance is not only an advanced and improved free trade agreement, but a real and improved deep integration process."

In a joint statement released after the summit's closing ceremony, he indicated this integration implies cooperation, education, adopting preventive measures to face climate change and El Niño phenomenon. Likewise, it includes boosting micro and small-sized enterprises.

The Alliance is one opportunity for the young people, who expect concrete measures to improve their quality of life, he pointed out.

In this sense, Peru holding the Pro-Tempore Presidency will lead to boosting education by expanding the quality of scholarships it grants to students. Likewise, it will encourage establishing a permanent communication channel among Ministers of Foreign Affairs, Foreign Trade, Tourism, Finance and Economy via videoconference.

Mr. Humala also pointed out the need for the bloc countries to work jointly, in order to reduce informal economy and, therefore, contribute to the growth of the member nations.

At times Latin America does not lower its poverty rate, according to Economic Commission for Latin America and the Caribbean (ECLAC) data, the member countries lead economic growth and poverty reduction charts, the President highlighted.

In this sense, one of the challenges the entire Pacific Alliance faces is the need to "become an opportunity" for its member States.

Presidential support

Peru's top official emphasized the Pacific Alliance would have not advanced, without the support of its presidential leaders, which was provided due to the good relations existing among them and their corresponding working groups.

"Each country contributes with valuable experiences. Mexico with value-chains; Chile with education reform and development of small and medium-sized enterprises; Colombia with financial inclusion and Internet connectivity; and Peru with social policies, education reform and productive diversification," Mr. Humala pointed out.

"We consider Latin America, and particularly the Pacific Alliance, [...] should not only remain as raw material exporter, but should also count on an industrial strength and diversify their exported products," the Head of State stated.

At the end of the 10th Summit, the Peruvian leader addressed this press briefing joined by Presidents of Mexico, Enrique Peña Nieto; Chile, Michelle Bachelet; and Colombia's Chancellor, Maria Angela Holguin.

Proposal on climate change towards Paris

The four countries have agreed to work on common proposal for the world conference on climate change COP21, to be held in Paris this year.

President Humala: Relationship with Chile is strategic, goes beyond situational issues

The relationship with Chile is strategic and goes beyond situation-driven issues, Peruvian President Ollanta Humala assured on Friday as he discarded any disagreement with such neighboring nation concerning the Bolivian claim to sovereign access to the sea.

 

He said Peru has just ratified its historic position on the matter, in which the Bolivian demand for sovereign access to the sea is a bilateral issue between that country and Chile.

 

“I believe there is certain sensitivity to some statements in which Peru maintains a historic position, which we acknowledge is of bilateral controversy,” he told La Hora N.

 

He said a possible future scenario might place Peru in the position of having to give an opinion on an eventual agreement between Bolivia and Chile involving Arica, according to the Treaty signed in 1929.

 

“But this is not the scenario,” he underlined. 

 

The Peruvian leader welcomed the Bolivian demand, but does not take part on the matter, as it is a bilateral issue involving Bolivia and Chile.

 

“President Bachelet has understood this perfectly,” he added.