The Market for the Pacific Alliance

The Pacific Alliance has become the largest market in Latin America and an attractive investment for companies in third party countries who want to use it.

Friday, February 7, 2014

"In 2012, the Gross Domestic Product of the Pacific Partnership (AP by its initials in Spanish) grew by 5%, two points higher than that recorded by the global economy. FDI remained at an acceptable rhythm, with $71.045 billion, of which over $30 billion was destined for Chile. Around $15.5 billion came to Colombia."

It is expected that this market will keep growing, with the likely addition of new partners such as Costa Rica and Panama."... In the AP's VIII Summit, Costa Rican President Laura Chinchilla signed a roadmap agreement which contains the necessary actions to join to the block through the accession model."

"... Being at the heart of the Alliance is an attractive investment for companies in third party countries wishing to take advantage of the market ..."

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More on this topic

Panama Gets Closer to Pacific Alliance

April 2014

The signing of a free trade agreement with Mexico puts Panama one step closer to the commercial bloc.

After the signing of the free trade agreement between the two countries, Panama could be the next country along with Costa Rica, to join the Pacific Alliance trade bloc.

Costa Rica: Pacific Alliance Divides Entrepreneurs

March 2014

The retail sector is looking favorably on accession to the bloc, but the agricultural and food industries are opposed to it.

The lack of information about how membership has been negotiated and sensitivities presented by some sectors and products in comparison to their peers in the Pacific Alliance are part of the arguments used by agriculture and industry to oppose, at least under the current conditions, the incorporation of Costa Rica into the Alliance.

Pacific Alliance and Costa Rica

February 2014

Colombia, Peru, Chile and Mexico approved the inclusion of Costa Rica to the Partnership Framework Agreement, the first step towards total integration into the block.

From a press release issued by the Presidency of Costa Rica:

Under the VIII Summit of Heads of State of the Pacific Alliance, the President of the Republic, Laura Chinchilla Miranda, along with her counterparts in Colombia, Juan Manuel Santos Calderón, Chile, Sebastián Piñera Echenique, Mexico, Enrique Peña Nieto and Peru, Ollanta Humala Tasso signed a Declaration on the Accession of Costa Rica to the Pacific Alliance.

Backing Development Decisively and Realistically

May 2013

The Pacific Alliance is now operating and producing results which are favorable to the development of the nations which compose it, and it is a natural environment for Central American countries to be integrated into.


The very apt comparison made by analyst Andres Oppenheimer between the economic blocs Mercosur-Argentina, Brazil, Paraguay, Uruguay and Venezuela-, and the Pacific Alliance-Chile, Colombia, Mexico and Peru (soon to also include Costa Rica) - shows the major conceptual differences between one group and another, and the concrete results generated for the development of their people.