Mexico, Colombia, Chile, and Peru Sign Pacific Accord in Lima

By Dialogo
May 04, 2011

Meanwhile, Brazil is: a) supporting the Argentine economy, which at every turn prevents the entry of Brazilian products and requires that we receive theirs (and our government accepts this), b) funding roads and delivering refineies in and to Bolivia; b) funding metro in Venezela and c) delivering billions of dollars to Paraguay that only sends us various contraband products (affecting the Brazilian industry), weapons for crime and drugs. Not to mention the vehicles stolen here and usually charted there. If the greatest of Europe (England, France, Germany and Italy) are not able to support their poor partners/members, as Brazil will maintain its "scholarship" for the poor countries on this "market" in the south which we are holding the Paraguayan of life! Just commenting ... they like us so much that the president of Argentina did not come to the possession of Dilma because "he was sad" and Chaves was a "no show" at the meetings with our president because he had knee pain. It might happen that the next meeting is not held because he is with chilblains!!! I am only a 12 year old girl, but I have the right to an opinion. I think it would be really good if there were no wars between countries.
The presidents of Mexico, Colombia, Chile, and Peru signed the Pacific Accord, which seeks profound integration among countries with open economies and the establishment of a common strategy with regard to international markets, especially Asia.

Presidents Felipe Calderón (Mexico), Juan Manuel Santos (Colombia), Sebastián Piñera (Chile), and Alan García (Peru), their host, signed the document at the Palace of Government in Lima.

In order to depict the significance of this bloc, Calderón affirmed that “while Mercosur (Brazil, Argentina, Paraguay, and Uruguay) has an annual trade of 543 billion dollars, this Pacific group has 872 billion.”

“It will be an accord that goes beyond the traditional; it’s not only a free trade agreement for goods, but instead we’re going to extend it to services, to investments, also to facilitate the movement of individuals, and of course to seek greater physical integration and greater integration of natural resources, including energy,” Piñera said for his part.

Panama, which sent its minister Rómulo Roux to the ceremony, also signed the accord as an observer. It is expected that other countries may join the accord in the future, along with Panama.

The accord notes the creation of “the Pacific alliance, with a firm commitment to advance progressively toward the objective of achieving the free circulation of goods, services, capital, and individuals.”

It also indicates that customs facilitation and stock-exchange integration will be sought (the Santiago, Lima, and Bogotá stock exchanges are already integrated) and sets a new meeting for December in Mexico, to evaluate progress in the process.

The accord “is open to those countries in the region that share the will to achieve the goal of this alliance,” it adds.

Three of the signatory countries – Mexico, Chile, and Peru – are members of the Asia-Pacific Economic Cooperation Forum (APEC) and have made great efforts, so far without success, to have Colombia included in that forum.

The Pacific Accord has as a future objective the integration of Costa Rica, El Salvador, Guatemala, Honduras, Ecuador, and Nicaragua, the last two of which are members of Alba.