The Pacific Alliance is an initiative formed by Chile, Colombia, Mexico and Peru. It was officially created on April 28, 2011 in Lima, Peru to gradually move towards the free movement of goods, services, capital and people.
The Pacific Alliance represents 38% of the total GDP of Latin America and the Caribbean, ranking it as the eighth largest economy worldwide. It has a wide network of trade agreements that multiplies the possibilities for integration into the international market.
The Pacific Alliance wants to contribute to, promote and advance the following issues: trade promotion, institutional affairs, trade and integration, the Pacific Alliance Business Council (CEAP), public procurement, culture, mining, education, gender, innovation, regulatory improvements, communications strategy, movement of citizens, intellectual property, SMEs, services and capital, tourism and international fiscal transparency.
In addition to its four members, the Pacific Alliance has 42 observer countries:
For more information, see the official website of the Pacific Alliance: https://alianzapacifico.net