Analysis of the Pacific Alliance and how it is spearheading growth in Latin America

A continental divide

The region is falling in behind two alternative blocks: the market-led Pacific Alliance and the more statist Mercosur. On May 23rd in the Colombian city of Cali the presidents of four Latin American countries—Chile, Colombia, Mexico and Peru—will sign an agreement removing tariffs on 90% of their merchandise trade. They will also agree on a timetable of no more than seven years for eliminating tariffs on the remaining 10%. They have already removed visa requirements for each other’s citizens and will proclaim their aspiration to move swiftly towards setting up a common market.

[button open_new_tab=”true” color=”Accent-Color” size=”large” url=”http://www.economist.com/news/americas/21578056-region-falling-behind-two-alternative-blocks-market-led-pacific-alliance-and” text=”COMPLETE INFORMATION HERE”]

Related Posts