Lima, Mar. 9. (Andina) The Pacific Alliance —a LatAm integration initiative uniting Chile, Colombia, Mexico and Peru— has agreed to remove tariff barriers in an attempt to improve trade among bloc members, Peruvian President Pedro Pablo Kuczynski affirmed on Thursday.
The announcement came after a Pacific Alliance virtual meeting with counterparts Michelle Bachelet (Chile), Juan Manuel Santos (Colombia) and Enrique Peña Nieto (Mexico).
The said leaders also agreed to expand relations with Southeast Asian nations, an area of millions of inhabitants, “who could provide a major boost to our trade.”
Likewise, it was agreed that “bridges will be built to other closer countries, such as Mercosur nations and Ecuador […] in order to facilitate trade and the flow of goods.”
The Peruvian statesman also highlighted the Pacific Alliance is “highly respected” for its anti-bureaucracy policy, a pivotal feature since “organizations need to be efficient and have clear objectives to operate.”
In this respect, he described the bloc as “a regional integration project that works very well” and must be strengthened to set an example for other areas in the world where alliances are dissolving, thus causing great uncertainty.