President Enrique Peña Nieto participated in the final session of the Third Business Summit “Vision of the Future, Pacific Alliance Presidents,” together with his counterparts from Chile, Michelle Bachelet; Colombia, Juan Manuel Santos, and Peru, Ollanta Humala.

The Pacific Alliance (PA) is an instrument of accompaniment among the four member countries. Its central premise is for its benefits to be extended and democratized, reaching more members of society rather than just a few.

Benefits and challenges

  • The PA enhances interconnection opportunities with more than 59 nations, through the agreements each of the member countries has signed with other countries.
  • For global companies that have a presence in any of the four countries that comprise 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.
  • The Alliance will provide more competition, which will benefit the population because it will have access to cheaper, better quality products and services that compete with each other.
  • One challenge is for more members of the societies of member countries to benefit from this alliance, and for them to feel and realize the great value of integration.
  • Another major challenge, “Is for governments to be prepared to accompany various social sectors in what this regional integration will impact.”
  • We must accompany productive projects with financing and make labor markets flexible so that those who are laid off can be very quickly incorporated into another workplace.

"Mexico has opted for regional integration, for accompaniment, rather than going it alone, or creating opportunities for our society in isolation, and instead, for forming a team and 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