Pacific Alliance (America, Master)

The objectives of the subject of the “Pacific Alliance” are the following:

1. To understand the purposes and the strategic importance of the Pacific Alliance;
2. To assess the benefits for the member countries of the Pacific Alliance;
3. To analyze the economic and trade integration process among the member countries (Chile, Colombia, Mexico, and Peru);
4. To understand the concept of Integrated Latin American Market.

The Subject “Pacific Alliance” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, World Trade.

Learning materials in or Alianza Pacifico Alliance Pacifique Aliança Pacifico.

Pacific Alliance

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 Asia-Pacific Economic Cooperation (APEC).

1. The candidate countries to become members of the Pacific Alliance are Costa Rica and Panama;
2. Candidates to Associated Countries: Australia, Canada, South Korea, Ecuador, New Zealand, Singapore;
3. Ecuador  seeks to join the Pacific Alliance after its departure from the Bolivarian Alliance for the Peoples of Our America (ALBA);
4. The Pacific Alliance has forty-two observer countries.

The objectives of the Pacific Alliance are:

1. To create an economic integration area between Chile, Colombia, Mexico, and Peru, seeking progressive free movement of goods, services, capital, and persons;
2. To achieve the economic growth and improve the competitiveness of their economies, seeking the welfare of the population mitigating inequality;
3. Being a platform at political level in the Asia-Pacific region.

The Pacific Alliance Countries:

1. 214 million people;
2. GDP per capita: of 16,500 dollars;
3. Eighth world economy;
4. Eighth overall export block;
5. 38% of the Latin American GDP;
6. 50% of the Latin American Foreign Trade;
7. 45% of the FDI inflows in Latin America and the Caribbean.

The Pacific Alliance belongs to the Western-Christian Civilization - Latin American.