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  HOME | Latin America (Click here for more)

Pacific Alliance Set to Modernize, Move toward More Integration

PUERTO VALLARTA, Mexico – The member countries of the Pacific Alliance pledged on Tuesday to modernize the bloc and increase its regional leadership with an aim to prevail with free and fair trade amid protectionist tendencies.

In a joint closing statement, the President of Mexico Enrique Peña Nieto announced the creation of Strategic Vision for 2030, which will set the tone for the regional economic bloc during the next 12 years.

The Pacific Alliance will seek to move toward greater integration, consolidate its projection (particularly toward Asia-Pacific), increase digital connectivity and make more progress in areas such as financial services and cybersecurity, among others.

Peruvian President Martin Vizcarra, who is also holding the pro-tempore presidency of the bloc for 2018-2019, said that the “strategic vision for 2030 is a fundamental step to achieve the free movement of goods, capital services and people.”

The 13th Summit of the Pacific Alliance, which took place on July 23-24 in Mexico’s Puerto Vallarta, saw two major issues: the merging with another regional economic bloc Mercosur and modernization.

The summit’s closing statement – in which the leaders of four member countries, Mexico’s Peña Nieto, Peru’s Vizcarra, Colombia’s Juan Manuel Santos and Chile’s Sebastian Piñera, all showed mutual understanding – reiterated and reinforced the bloc’s key principles that were expressed during the two-day summit.

On Monday, during a meeting of heads of state, the message was unanimously clear: the Pacific Alliance must be re-launched.

Faced with the danger of becoming “obsolete prematurely,” Piñera opted to “accelerate the integration process.”

However, the successful candidate of the 2018 Mexican presidential elections, Andres Manuel Lopez Obrador, was absent from the event, as several days before he had declined to join the summit saying that he had not yet been officially declared president-elect by the Electoral Tribunal of the Federal Judiciary.

 

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