Thanks to the Pacific Alliance (PA), we are moving towards the free movement of goods, services, capital and people. As a member, Mexico is part of a platform that provides for better ties with Asia-Pacific trade, capital and innovation.
Currently, the Pacific Alliance is a free trade area for goods and services, a broad market that is working to put together chains of production.
One example of the importance of the Pacific Alliance is that it accounts for more than 50% of the exports and imports of Latin America and the Caribbean, and its foreign trade amounts to 47% of its GDP.
The High Level Group and the Council of Ministers met in Mexico on June 7 and 8 to review the deliverables in compliance with the mandates of the Declaration of Paracas and to agree on the new mandates for the 11th Pacific Alliance Summit, to be held in Chile on July 1.