Total trade integration of Peru, Chile, Colombia and Mexico, challenge of the Pacific Alliance

This business summit began with a call for the trade bloc to become an agent of change “in the lives of people”.

Yesterday under the Business Summit “leading growth” (parallel to the X Presidential Summit) of the Pacific Alliance, both business representatives and authorities emphasized walking steadily toward the same goal: the total trade integration Peru, Chile, Colombia and Mexico.

Melvin Escudero, manager of El Dorado Investments, said that the AP block is the ninth largest economy in the world because it has a gross domestic product (GDP) of US $ 2.1 trillion, equivalent to 36% of GDP in Latin America and the Caribbean. In addition, together they make up a market of 214 million people.

Among the advances that comes closest to the AP, she said the minister Magali Silva, is already approved the framework agreement and will be ready in the coming days. However, he clarified that an additional protocol, which is ready by year-end or early 2016. “When it comes into force will be the liberalization of 92% of our basket and that has meant for Peru, for example, it is pending in the bilateral agreement we had with Mexico, we have you gained access to those from an average of 82% in the bilateral agreement to 96.4% for immediate tariff liberalization market, “he said.

Besides working on the simplification of administrative procedures and customs, as well as the one-stop e-commerce of the four countries with the same language.

On this last point, he noted that in Peru there are 260 advances and administrative procedures, but also working on a process reengineering.

“The goal is that by the end of the first half of 2016 comprehensive tests between the four windows are made to see if it is working as standard,” he said.

At the close of our edition, they arrived in Paracas presidents of Peru, Ollanta Humala, and Mexico, Enrique Peña Nieto. The Mexican president will give the head of the Peruvian state president pro tempore of the Pacific Alliance.

Meanwhile, the president of Colombia, Juan Manuel Santos, and the president of Chile, Michelle Bachelet, will arrive only today at the Summit of the Pacific Alliance. It is speculated that the Chilean President only involved a few hours. His visit is preceded by an impasse generated by the assumption that Peru would provide support to Bolivia in the case that this country has with the Chilean government in the Court of La Haya.

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