· It is distinguished by its flexibility and pragmatism; its design makes it possible to innovate and evolve, he said.

· It must be an agreement that does not leave behind people or small businesses, he said.

· The work of the XI Pacific Alliance Summit began.

At the opening of the XI Pacific Alliance Summit, President Enrique Peña Nieto said that, “Today the Alliance is not only a reality, but also a benchmark of integration at the regional and international levels”.

He noted that, “In the future, the message of the Pacific Alliance to the world is very clear. Mexico, Chile, Colombia and Peru are more committed than ever to a true platform of integration based on economic openness and inclusion.

In the presence of the presidents of Chile, Michelle Bachelet, Colombia, Juan Manuel Santos, and Peru, Ollanta Humala, and President-elect of Peru Pedro Pablo Kuczynski Godard, President Peña Nieto called for it to be a mechanism of integration, but also an inclusive one.

He explained that is distinguished by its flexibility and pragmatism.  “Its design makes it possible to innovate and evolve, which is particularly important for societies that demand more than just a trade agreement.”

He said society today demands, “And rightly so, that this arrangement should be a new generation one, in other words, inclusive, and we all broadly agree on this important, relevant objective this Pacific Alliance should have,” he said.

He noted that with integration, the benefits of one  partner also impact others. As an example, he mentioned that the four members have links with 59 countries with preferential relations with the bloc and access to various free trade agreements.

During the inauguration of the Summit, when Peruvian President Ollanta Humala handed over the Pro Tempore Presidency of the Pacific Alliance to Chilean President Michelle Bachelet, the Mexican president stressed that it must be an agreement that does not leave behind people or small businesses.

Therefore, he added, “We have supported small and medium-sized enterprises, SMEs, through the venture capital fund, which, with the support of the Inter-American Development Bank, makes it possible to finance and promote new projects”. In addition, through the business development centers for SMEs in the four countries, “We are combining training and advisory efforts,” while investing in human capital through the training of new generations.

”In short,” he said, “Chile, Colombia, Peru and Mexico are coping with the challenges of our times with the same vision and pragmatism that characterize this Alliance.”

The president said that through the entry into force of this mechanism on May 1, “We are meeting one of the fundamental challenges of our agreement: free movement of goods, services, capital and people”.

He mentioned the significant achievements of this bloc in the past 10 years, such as the 39 percent increase in trade among members of the Alliance, compared with the rest of Latin America, which has experienced virtual stagnation or zero growth.  “In other words, trade between our countries has grown by this percentage, but not between the others," he explained.

The Mexican President congratulated President Ollanta Humala on his work as Pro Tempore President of the Pacific Alliance, which concludes today, and greeted President-elect of Peru Pedro Pablo Kuczynski, with whom, he said, this pace of regional integration should continue.

He also congratulated President Santos on brokering the peace agreement between Colombia and the FARC forces.

 He wished Michelle Bachelet every success in assuming the Pro Tempore Presidency of the Alliance and confirmed the Mexican government’s full support.