In 2011, four Latin the American Countries (Chile, Colombia, Mexico, and Peru) created a regional economic integration initiative: The Pacific Alliance.
All of them, except Colombia, are members of the APEC.
The candidate countries to become members of the Pacific Alliance are Costa Rica and Panama
Candidates to Associated Countries: Australia, Canada, South Korea,
Ecuador, New Zealand, Singapore
Ecuador seeks to join the Pacific Alliance after its departure from the ALBA
The Pacific Alliance has forty-two observer countries
The objectives of the Pacific Alliance are:
To create an economic integration area between Chile, Colombia,
Mexico, and Peru, seeking progressive free movement of goods, services, capital, and persons
To achieve the economic growth and improve the competitiveness of their economies, seeking the welfare of the population mitigating inequality
Being a platform at political level in the Asia-Pacific region
The Pacific Alliance Countries:
214 million people
GDP per capita: of 16,500 dollars
Eighth world economy
Eighth overall export block
38% of the Latin American GDP
50% of the Latin American Foreign Trade
45% of the FDI inflows in Latin America and the Caribbean
The Pacific Alliance belongs to the Western Civilization - Latin American.
(c) EENI Global Business School (1995-2023)
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