President Enrique Peña Nieto participated in the inauguration of the XI Pacific Alliance (PA) Summit, together with the presidents of Chile, Michelle Bachelet, Colombia, Juan Manuel Santos, and Peru, Ollanta Humala.
The four member countries of the PA are more committed than ever to a true integration platform based on economic openness and inclusion, he said.
- Through integration, the benefits of one country impact the other members. The four members have links with 59 countries, which have a preferential relationship with the bloc and access to various free trade agreements.
- The PA supports small and medium-sized enterprises (SMEs) through venture capital fund, with the support of the Inter-American Development Bank, making it possible to finance and promote new projects.
- In addition, through business development centers for SMEs in the four countries, training and advisory efforts are combined, and investments are made in human capital through the training of the new generations.
- One of the fundamental challenges of the agreement: the free movement of goods, services, capital and people has been met.
- Trade among members of the Alliance increased by 39%, compared with the rest of Latin America, which has shown virtually zero growth or stagnation.
“Chile, Colombia, Peru and Mexico are coping with the challenges of our times with the same vision and pragmatism that characterize this Alliance.”
As we look toward the future, the message of the Pacific Alliance to the world is very clear. Our countries are more committed than ever to a true integration platform based on economic openness and inclusion”: EPN