• Its central premise is for its benefits to be extended and democratized, reaching more members of society rather than just a few, he stated.
  • A major challenge is for society to feel and know the great value of integration, he said.

President Enrique Peña Nieto participated in the final session of the Third Business Summit “Vision of the Future, Pacific Alliance Presidents,” moderated by President of the Inter-American Development Bank Luis Alberto Moreno, where he said that this regional integration mechanism, is “a means, a path to ensuring development and prosperity in our societies”.

”Mexico has opted for regional integration, for accompaniment rather than going it alone or creating opportunities for our society in isolation, and instead, forming a team, finding the complementarities we have with other countries such as the members of the Pacific Alliance, which will allow us to build a future of prosperity and opportunity for our society,” he explained.

In the presence of the presidents of Chile, Michelle Bachelet; Colombia, Juan Manuel Santos, and Peru, Ollanta Humala, who described Mexico as a healthy, strong country in the midst of worldwide financial turmoil, President Peña Nieto said that this Alliance enhances networking opportunities with over 59 nations, “on the basis of the agreements each of the member countries has signed with other countries."

That is why, he added, the number of observer countries in the Pacific Alliance continues to grow.

On the shores of Lake Llanquihue, at the Teatro del Lago, the president mentioned the events in the UK surrounding Brexit, which raises two major challenges, he said, requiring the efforts of regional integration such as the Pacific Alliance to be much more inclusive.

In order, he continued, that more members of our societies benefit from this alliance. And that they feel it, and know the great value of integration, he said.

 

He said that for global companies with a presence in any of the four countries comprising it, “There are great windows of opportunity to seize, leverage and, above all, use in order to demonstrate the enormous benefits entailed by this regional alliance”. I think that's the first big challenge, he declared.

He declared that the other major challenge, “Is for governments to be prepared to accompany various social sectors in what will impact this regional integration.”

He explained that there will be more competition but that this will benefit the population because it will have access to cheaper, better quality products and services that compete with each other. “That’s the benefit of regional integration,” he said.

He said that during this transition stage, “Some people may be displaced and governments will have to undertake policies to reinvent those who are left on the sidelines.”

He said that nowadays, globalization, “Requires us to constantly reinvent ourselves to create opportunities for development and fulfillment for members of our society. We must do so by teaching new skills and opening up new opportunities in our country.”

We must also accompany productive projects with financing and make labor markets flexible so that those who are laid off can be swiftly incorporated into another workplace,” he added.

President Peña Nieto  said that, We must recognize that the world we live in is a global world in which there is very extensive trade” and a demand for skills and abilities. “That is the reality we are experiencing today”.

He said that in order to insert ourselves successfully and give our society the opportunity to grow in this global world, there are different routes. Mexico, “Has opted for regional integration and recognizing our similarities, including the values we share".

He said that the countries in the Alliance, “Are democratic countries; we are countries that respect freedom of expression, human rights and political pluralism and believe in free trade”. “It is a platform to achieve greater development for our societies; this is the point of affinity we have,” he explained.

President Peña Nieto said that in five years, the Pacific Alliance, “Within a very pragmatic view, in a clearly defined vision, on the basis of our affinities and shared values, has achieved an agreement that is now fully in force”.

He said that it has mechanisms that represent a great opportunity to support small and medium enterprises in their internationalization such the support fund of one hundred million dollars at an initial stage.

In the case of Mexico, he said that the National Institute of Entrepreneurship is designed to support the development and evolution of small and medium enterprises with financing, guarantee capital and support, preparation, and training so that they can succeed.

The president declared that the Pacific Alliance is a route and is an instrument of alliance, as its name suggests. It is an instrument of accompaniment among the four countries. Its central premise is for its benefits to be extended and democratized, reaching more members of society rather than just a few, he said.

After the meeting, Mexican President moved to the Patagónico Hotel where he held meetings with the leaders of the observer countries of the Alliance: Luis Guillermo Solis of Costa Rica, and Mauricio Macri, of Argentina, together with their counterparts from Chile, Colombia and Peru.

He subsequently attended a dinner in honor of the Heads of State attending the XI Pacific Alliance Summit, hosted by Chilean President Michelle Bachelet.